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What is Wealth Tax?

Tuesday, June 18, 2019, 3:15 PM

Wealth tax is a tax on a person's assets, on his or her net worth. It is not a tax on income, but rather on an individual's wealth. Targeting wealthy people for taxation is popular among politicians. In other words, wealth tax is a tax on what we have, as opposed to income tax, which is a tax on what we earn.

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