What does wealth tax mean?
Definitions for wealth tax
wealth tax
This dictionary definitions page includes all the possible meanings, example usage and translations of the word wealth tax.
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Wikipedia
Wealth tax
A wealth tax (also called a capital tax or equity tax) is a levy on the total value of personal assets, including bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses, financial securities, and personal trusts. Typically, liabilities (primarily mortgages and other loans) are deducted from an individual's wealth, hence it is sometimes called a net wealth tax.
Editors Contribution
wealth tax
A form of tax enacted into legislation now on a fasttrack by every form of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, unity government, local unity government, regional unity government, national unity government, european unity government and international unity government which ensures that all people with a specific amount of personal wealth in the form of income, money, total value of assets, bank deposits, finances, capital and currency have to pay an ethical, moral, just and fair amount of tax. The tax percentage and amount is created using just and fair data, information, facts, research and statistics.
All forms of unity government around the globe ensure they enact on a fasttrack a form of wealth tax.
Submitted by MaryC on July 13, 2020
Numerology
Chaldean Numerology
The numerical value of wealth tax in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of wealth tax in Pythagorean Numerology is: 6
Examples of wealth tax in a Sentence
I'm skeptical the wealth tax will generate the same amount of revenue after considering all her plans together.
Daniel DaleWealth taxesWarren:
I have proposed a two-cent wealth tax on the top one-tenth of one percent in this country, that would give us enough money to start with our babies by providing universal child care for every baby age 0 to 5, universal pre-k for every 3-year-old and 4-year-old in this country.
The tax the way were putting it forward right now, the wealth tax, Im sorry its cumbersome, its been tried by other nations, its hard to evaluate. We can get the same amount of revenue through just taxation, but again, we as Democrats, have got to start talking not just about how you tax from a stage, but how wegrow wealth in this country amongst those disadvantaged communities that are not seeing it.
A wealth tax makes a lot of sense in principle, the problem is it's been tried in Germany, France, Denmark, Sweden and all those countries ended up repealing it because it had massive implementation problems and did not generate the revenue projected.
If Michael Bloomberg decides to support a wealth tax, I welcome Michael Bloomberg to this race. If not, it's very clear that Michael Bloomberg should not be the Democratic nominee, we can not afford to have a Democratic nominee in 2020 who does not support asking the wealthy to pay more to address the enormous inequality in our society.
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"wealth tax." Definitions.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.definitions.net/definition/wealth+tax>.
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