Noun
wealth tax (countable and uncountable, plural wealth taxes)
Any tax which depends on the taxpayer's total assets, including cash, financial assets, and personal possessions.
Synonyms: capital tax, equity tax
And Karl W. Smith of the Tax Foundation a wealth tax would “undermine a central animating idea of American capitalism.” Source: Internet
But what if founder Jeff Bezos had been hit by a big wealth tax in 2000? Source: Internet
And to put in place a wealth tax.” Source: Internet
Elizabeth talked about a wealth tax. Source: Internet
India did have a wealth tax, The Wealth Tax Act 1957, which was subsequently discontinued in 2016. Source: Internet
Other prominent billionaires to recently slam the idea of a wealth tax include hedge fund manager Leon Cooperman, former CEO and promulgator of the $6 coffee Howard Schultz, and megabillionaire Bill Gates. Source: Internet