2 ms·
> Switzerland has a wealth tax. If the wealth tax rate is close to zero, who the hell cares? The wealth tax in e.g. Kanton Zürich is 0.025% (not the cheapest
by ur-whale 11mo ago
> Switzerland has a wealth tax.
If the wealth tax rate is close to zero, who the hell cares?
The wealth tax in e.g. Kanton Zürich is 0.025% (not the cheapest Kanton).
If you are able to grow your capital at - say - inflation corrected 4%, which shouldn't be overly hard, and you pay no taxes whatsoever on cap gains while paying 0.025% on the total accumulated wealth.
I'll let you do the math as to how good you have it there.
- greyw 11mo agoThe highest marginal wealth tax rate in Zurich is 0.47% and 0.9% in Geneva starting at 2-3mn CHF. It's not irrelevant at all If you now earn 4% on your capital and pay 0.9% wealth taxes that is like a 25% tax rate on your unrealized gains. Inflation is close to zero anyway and interest rates are negative. Obviously I prefer that system because we can compound essentially tax free to a couple of 100k before having to think about taxes.