wealth tax
A wealth tax is a type of tax imposed on the total accumulated wealth of individuals or households. It is separate from income taxes and is primarily based on an individual's net worth, including assets such as properties, investments, and savings. The purpose of a wealth tax is to address wealth inequality and redistribute resources by taxing the richest individuals or households more, often through a progressive tax rate based on different wealth brackets.
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Related Concepts (23)
- capital gains tax
- concentration of wealth
- corporate taxation
- economic inequality
- economic justice
- flat tax reforms
- inequality
- net worth tax
- progressive taxation
- property tax
- redistribution of wealth
- social welfare
- socioeconomic disparities
- tax policy
- tax policy reforms
- tax reform
- tax revenue
- taxation of the rich
- taxation policies
- wealth distribution
- wealth gap
- wealth inequality
- wealthy individuals