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Yep, the responses to the wealth tax tweet are a mess. Shame because it's an interesting topic. We have a wealth tax here in Switzerland (on the order of 0.01%).
From what I could find online, it looks like the rates vary per canton from .3% to 1%.
Yep! One too many zeros. For the vast majority of the population, it's low enough such that you need not even think about it. For successful business owners it's a different story.
It's implemented as a progressive tax in Zurich with several different bands. 0.05% threshold for individuals this year starts from 77000 CHF (1 CHF ~ $1.09). 0.3% starts from net wealth of 3.158M CHF. Now I'm curious how these bands were chosen...pic.twitter.com/zBGMCgw5wk
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