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	Wealth tax - Wikipedia, the free encyclopedia
		Because of the broad term "wealth", property tax, capital transfer taxes (inheritance tax, gift tax) and capital gains taxes are sometimes referred to as "wealth taxes".
		Some country's governments will require declaration of the tax payers balance sheet (assets and liabilities), and from that ask for a tax on net worth (assets minus liabilities), as a percentage of the net worth, or a percentage of the net worth exceeding a certain level.
		With the removal of the estate tax in the United States planned for 2010, some governmental analysts are proposing an annual one percent net worth tax for people with a net worth over 100 million dollars.
	en.wikipedia.org /wiki/Wealth_tax (687 words)

	Wealth Tax
		The term "wealth tax" is sufficiently broad and undefined that there may be some variations of it that would provide an interesting possible addition to our catalog of taxes.
		To the extent an income tax may have a greater need to be significantly progressive, certainly compared to a comprehensive wealth tax, the possibility of that asymmetry is greater for an income tax than for a wealth tax.
		This paper is a preliminary exploration of a wealth tax.
	www.law.upenn.edu /fac/dshakow/wealthTaxation.html (4191 words)

	Taxation and costs of owning property in France - French captial gains tax, French income tax, French wealth tax, ...
		The owner of a French property is usually liable for this tax, also known as 'impôt foncier', a land tax which is generally payable in one lump sum on the 1st January in each year.
		This Annual Tax Declaration is mandatory and must give the tax authorities complete information concerning the taxpayer's identity and their marital and family situation, as well as the rental value of thier dwellings and/or of their income from French sources.
		Tax is assessed on the net wealth according to a progressive rate from 0.55% to 1.8% (above €15 million).
	www.properties-in-europe.com /info_france_tax.htm (1787 words)

	Boston Review \| Edward Wolff: Time for a Wealth Tax?
		Wealth gives a family greater ability to pay taxes, and in the interests of equity, it is justifiable to tax current wealth in addition to income.
		A third reason is that wealth is so concentrated in the United States -- 42 percent of total household wealth owned by the top one percent in 1992 -- that a tax on wealth would affect only a very small part of the population.
		Though the 1993 tax law did raise the marginal income tax rates on the very rich, those rates are still considerably lower than at the beginning of the 1980s (and much lower than in the 1960s).
	www.bostonreview.net /BR21.1/wolff.html (4334 words)

	French Wealth Tax Questions and Answers (Site not responding. Last check: 2007-11-05)
		No. The tax is very unpopular in France but rather than abolish it (it brought in €2.5bn in 2002, and as house prices rise but the lower threshold does not, this is set to increase) manifold exceptions have been instituted over the years.
		This is normally taxed immediately at 20% (the Inheritance Tax lifetime rate) to the extent that it exceeds the nil-rate band, currently £275,000 for tax year 05/06.
		However, a new Double Tax Treaty is due to come into force in 2005 or 2006 (keep an eye on www.sykesanderson.com for the exact date and also to see the text of the Treaty).
	www.sykesanderson.com /articles/french_wealth_tax.asp (1409 words)

	Paktax (Site not responding. Last check: 2007-11-05)
		Wealth tax, in addition to income tax is justified because income from property is obtained with less effort and is usually more permanent than income from work.
		Wealth tax is levied on the total value of movable and immovable properties held by a person.
		The recurring tax on the same assets year after year was agitated being excessive and violative of fundamental rights of the citizen to hold property under the Constitution of Pakistan.
	www.paktax.com.pk /Wtact.htm (1556 words)

	Wealth (Net Worth) Tax - Education - Information - Educational Resources - Encyclopedia - Music
		Some country's governments will require declaration of the tax payers balance sheet (assets and liabilities), and from that ask for a tax on net worth (assets minus liabilities), as a percentage of the net worth, or a precentage of the net worth exceeding a certain level.
		And in no place where this kind of tax is in place does it contribute to more than 0.3% of the total tax intake (http://www.forbes.com/global/2004/0524/074chart2.html).
		Because of the broad term "wealth", capital transfer taxes (inheritance tax, gift tax) or capital gains taxes are sometimes refered to as "wealth taxes", but that's not what this is refering to.
	education.music.us /W/Wealth-(Net-Worth)-Tax.htm (628 words)

	0.4.4: Corporation Versus Limited Liability Company - Encyclopedia - Library - VC Experts
		Organizational tax issues will revolve principally around the fact that earnings by a business operated in corporate form generate federal and state income tax on the corporate level.
		It is true that partners pay tax on revenue whether it is distributed or not and it may be necessary to retain earnings in the entity to expand the business.
		Appreciated assets are taxed at the corporate level and the shareholders taxed on the liquidation distributions.
	vcexperts.com /vce/library/encyclopedia/documents_view.asp?document_id=41 (1413 words)

	Personal and Wealth Tax Assistance
		If the property is rented, you will be taxed on the rent income in Italy at rates between 23% and 45% (the 45% applies to incomes exceeding 70,000 euros per annum).
		This tax is between 0.4% and 0.65% on the fiscal value of the property which is normally quite low and is paid annually.
		Withholding tax of 15% should be deducted from rental income when the rent is paid abroad either by the tenant or by a local agent.
	www.migrate4less.com /tax.html (822 words)

	EOI Tax Policy - Intangible Wealth Tax
		Washington state's heavy reliance on sales tax and real property tax to fund essential state services made sense 70 years ago, but many people believe that it is time to modernize our tax structure to reflect the new realities of today's economy.
		In a March 2001 poll of Washington voters, the concept of an intangible wealth tax was initially supported by 36% of respondents and opposed by 56%.
		In 2000, Florida taxed intangible wealth at the rate of 0.15% (exempting the first $80,000 in assets) and raised approximately $600 million in revenue.
	www.econop.org /Taxes/TaxPolicy-IntangibleWealthTax.htm (459 words)

	Tax Rates in India Corporate Taxes Individual Taxes Wealth Tax Gift Tax
		(b) Tax exemption on the interest payable by a scheduled bank to a non-resident or a person who is not ordinarily resident on deposits in foreign currency where the acceptance of such deposits by the bank is approved by the RBI.
		Withholding tax is charged on estimated income, as approved by the tax authorities.
		Wealth tax is levied on non-productive assets whose value exceeds Rs.1.5 million.
	www.madaan.com /taxrates.htm (315 words)

	Responsible Wealth
		Responsible Wealth is a national network of businesspeople, investors and affluent Americans who are concerned about deepening economic inequality and are working for widespread prosperity.
		BOSTON—A group of wealthy Americans today announced that they would turn down their share of the $69 billion in tax cuts that went to the wealthy in 2004, and they called on other wealthy people to redirect their federal tax breaks to support fairer taxes through a campaign called the Responsible Tax Pledge.
		Estate Tax Repeal Would Hurt Charitable Giving, New Government Reports Say In addition to a $1 trillion drain on the federal budget over the next two decades, estate tax repeal would cause charities to lose between $12 billion and $24 billion in giving per year.
	www.responsiblewealth.org (1058 words)

	Bloomberg.com: Europe
		France is the only Group of Seven industrialized nation to tax wealth, and the doubling of property prices in the past eight years made 335,524 citizens subject to the levy, almost twice the number in 1997.
		The tax bite is 0.5 percent of total wealth of those with at least 732,000 euros in assets.
		He was slapped with the tax for the first time in 2004 as his retirement changed the status of his land from a business asset to taxable property.
	www.bloomberg.com /apps/news?pid=10000085&sid=aR.24mAk1HTU&refer=europe (1004 words)

	FairEconomy.org - Estate Tax Action Center
		Nearly half of all estate taxes are paid by the wealthiest 0.1% of the American population – a few thousand families each year.
		Repeal of the estate tax would have a devastating impact on charitable giving to colleges, hospitals, museums, land conservancies, and organizations that assist the poor and disadvantaged.
		The rise in the estate tax exemption level from $1.5 million per person to $2 million ($4 million per couple) means that less than one third of one percent of all U.S. estates—or 0.27%—will be affected by the federal estate tax in 2006.
	www.faireconomy.org /estatetax (531 words)

	Fair Taxes - Nader for President 2004 - www.votenader.org
		The complexity and distortions of the federal tax code produces distributions of tax incidence and payroll tax burdens that are skewed in favor of the wealthy and the corporations further garnished by tax shelters, insufficient enforcement and other avoidances.
		Corporate tax contributions as a percent of the overall federal revenue stream have been declining for fifty years and now stand at 7.4% despite massive record profits.
		Tiny taxes (a fraction of the conventional retail sales percentage) on stock, bond, and derivative transactions can produce tens of billions of dollars a year and displace some of the taxes on work and consumer essentials.
	www.votenader.org /issues/index.php?cid=7 (620 words)

	Reference.com/Encyclopedia/Tax (Site not responding. Last check: 2007-11-05)
		However, corporate expenses that relate to capital expenditures are rarely deducted in full (such as the entire cost of a company truck) and are often deducted over the useful life of the asset purchase.
		An import or export tariff (also called customs duty or impost) is a charge for the movement of goods through a political border.
		For a period of over 150 years from 1695 a window tax was levied in England, with the result that you can still see listed buildings with windows bricked up http://www.absentiacerebra.com/Trips/UK/Pages/Image31.html in order to save their owner's money.
	www.reference.com /browse/wiki/Tax (4876 words)

	The Tax Prophet® - Wealth Preservation
		Usually, your tax planning and the disposition of your estate will be controlled by one of these documents.
		An introduction to the 1997 tax law changes affecting IRAs, and a description of the new Roth IRA and Education IRA.
		Also FAQ's involving, Roth 4-year averaging; tax vs. tax exempt portions; and whether a rollover from a SEP is permitted.
	www.taxprophet.com /wealthpreservation.shtml (1707 words)

	Home Hunts - French wealth tax
		I don't understand the concept of a tax on “wealth”.
		The tax is very unpopular in France but rather than abolish it (it brought in €2.5bn in 2002, and as house prices rise but the lower threshold does not, this is set to increase) manifold exceptions have been instituted over the years.
		This is normally taxed immediately at 20% (the Inheritance Tax lifetime rate) to the extent that it exceeds the nil-rate band, currently £263,000.
	www.home-hunts.com /popup/finance-tax/french-wealth-tax.htm (1356 words)

	The Norway Post : Less wealth tax
		The wealth tax goes to the state and the councils.
		Today the standard deduction is at NOK 151,000 in class 1 and 2 for the council tax, and at NOK 151,000 in class 1 and NOK 181,000 in class 2 for the state tax.
		Around 40 per cent of all public income from wealth tax is paid by pensioners.
	www.norwaypost.no /cgi-bin/norwaypost/imaker?id=16677 (266 words)

	Wealth & Tax Advisory
		As someone who has complex, wealth management needs, it is crucial you have access to informed advice in order to protect and enhance your wealth.
		Wealth and Tax Advisory is a specialist group of professionals that provide advice on tax and financial planning, varying according to location.
		Visit Wealth and Tax Advisory Services, Inc., one of the largest independent national firms focused on providing comprehensive tax, valuation, financial advisory and related consulting services.
	www.hsbcprivatebank.com /hsbc/rhp/our-services/specialist-advisory/wealth-and-tax-advisory (362 words)

	Greece real estate property. Buy land or a house, rent a villa. (Site not responding. Last check: 2007-11-05)
		Once this is cleared a one off "purchase tax" must be paid to the Greek government before the property exchange hands.This is calculated at 9% of the taxable value of the property, per buyer, and 11% of the rest.
		Otherwise, tax is levied at a rate of between 0.25 and 0.35 percent on a property's market value by local municipalities, who also charge other fees and taxes to pay for local services, either directly or indirectly.
		A kind of wealth tax on property was re-introduced in Greece in 1997(it had been formely been abolished in 1993) and applies all the individuals and legal entities owning property there valued at over € 205,000, although there are allowances for families and those with children.
	www.hellasholidayguide.com /greece_real_estate.htm (839 words)

	Tax - Private wealth management (Site not responding. Last check: 2007-11-05)
		Whether you need advice on income tax, capital gains tax or inheritance tax planning, assistance with your personal tax return or help to ensure your own and your family’s future financial security, our specialist teams have the skills you need.
		Our multi-disciplinary team of specialists can advise you on all areas of personal taxation and estate planning including trusts, inheritance tax, succession planning, capital gains tax and business structuring both in a UK and an international context.
		We have a team of experts, who can complete your tax form, calculate your tax liability and even notify you when any payments are due.
	www.ey.com /global/content.nsf/UK/Tax_-_Private_wealth_mgt (186 words)

	☞ Tax - Income Tax Rates
		Tax Rates in India including income tax rates, corporate tax rates, wealth tax ates, gift tax rates, company tax rates, domestic and foreign companies and others.
		Taxes in Spain - Income tax rates in Spain, including Spanish tax rates and provincial tax rates. Advice for expats on taxes in Spain, banking in Spain, exchanging currency in Spain.
		Tax in Spain: a guide to personal and corporate taxes in Spain, including income tax rates, VAT tax and inheritance tax issues in Spain. We offer Spanish tax filing, international tax planning for your business, estate planning for your family, and fiscal representation for your business or property.
	www.taxinfocenter.com /incometaxrates (1033 words)

	R2I - NRI Finance And Investments (Site not responding. Last check: 2007-11-05)
		The discussion includes, tax laws of India, foreign exchange regulation, retirement, insurance, NRI banking etc., We also look at strategies to save taxes after return, analyzing double taxation treaties.
		R2I finance is very complex subject, involving financial investments in mutliple countries, tax laws of mutliple countries, tax treaties and immigration status.
		IRS GOI taxes on income based on residen...
	groups.msn.com /R2INRIFinanceAndInvestments/...&ID_Message=392 (544 words)

	Tax Policy Center \| Publications
		One approach primarily involves spending cuts and smaller government, another relies more heavily on tax increases to support an activist government, and the third suggests a balanced mix of spending cuts and tax increases along with a reallocation of government priorities.
		The essays provide background and historical information; analyze the optimal taxation of estates and gifts; examine the effects of the tax on charitable contributions, saving behavior, the distribution and level of wealth, tax avoidance and tax evasion; and explore the effects of alternatives to estate taxation.
		With tax reform high on the political agenda, this book brings together studies of leading tax economists and lawyers to assess the various reform proposals and examine the effects of tax reform in several distinct areas.
	www.taxpolicycenter.org /publications/template.cfm?Listpubs=true&UTypeID=2 (1375 words)

	_The Wealth Tax Act, 1963 - Pakistanlawyer.com (Site not responding. Last check: 2007-11-05)
		Collection of tax at source in case of motor vehicles and rented property
		Tax of deceased person payable by legal representative
		Recovery of tax in the case of firms, association of persons, bodies of individuals, whether incorporated or not, and companies
	www.pakistanlawyer.com /taxation/wtax/act-63 (252 words)

	National Wealth Tax to Fund Education?
		Professor Reich is free to give as much money as he wants to help poor schools from his own pocket, and he’s free to implore us to do likewise, but he has no moral right to compel the rest of us to do the same.
		Reich may think that his initial.001 wealth tax would be enough money, but as sure as the sun will rise tomorrow, it wouldn’t be.
		Just as the income tax started out small but rapidly grew, so would the wealth tax for education.
	www.fff.org /comment/com0503o.asp (1222 words)

	Law in Spain, Information about Lawers and Legal advice in Andalucia, Southern Spain
		The Spanish resident and non resident property owner is liable for a tax on capital assets called "patrimonio".
		A Spanish resident has an exemption of 108.182 euros which is raised to 150.253 euros when the asset is the principal residence.
		The tax is declared and paid annually at the same time as the income tax but on a separate form 714.
	www.andalucia.com /law/wealthtax.htm (172 words)

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