Enter a word or phrase in any language 👆
Language:
Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
What (who) is wealth tax - definition
Wealth tax
LEVY ON THE TOTAL VALUE OF PERSONAL ASSETS, INCLUDING OWNER-OCCUPIED HOUSING; CASH, BANK DEPOSITS, MONEY FUNDS, AND SAVINGS IN INSURANCE AND PENSION PLANS
Wealth (Net Worth) Tax; Wealth (net worth) tax; Wealth Tax; Net worth tax; Asset tax; Wealth taxes; Capital tax; Tax on capital; Absolute wealth tax; Personal assets tax; Wealth protection tax
A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses, financial securities, and personal trusts (a one-off levy on wealth is a capital levy).
wealth tax
LEVY ON THE TOTAL VALUE OF PERSONAL ASSETS, INCLUDING OWNER-OCCUPIED HOUSING; CASH, BANK DEPOSITS, MONEY FUNDS, AND SAVINGS IN INSURANCE AND PENSION PLANS
Wealth (Net Worth) Tax; Wealth (net worth) tax; Wealth Tax; Net worth tax; Asset tax; Wealth taxes; Capital tax; Tax on capital; Absolute wealth tax; Personal assets tax; Wealth protection tax
¦ noun a tax levied on personal capital.
Wealth Tax Act, 1957
ACT OF THE PARLIAMENT OF INDIA
Wealth Tax Act India; Wealth tax in India
The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, Hindu Undivided Family or company. The wealth tax was levied on the net wealth owned by a person on a valuation date, i.
Examples of use of wealth tax
1. The wealth tax goes to the state and the councils.
2. "The socialist answer is a wealth tax," he added.
3. Any alleviation of the ISF solidarity wealth tax is highly controversial.
4. It called for an increase in wealth tax from one to three per cent.
5. But Giulio Tremonti, finance minister, said: "In my home we call this a wealth tax.