Tax Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.Anti-spam check. Do not fill this in! ===Wealth=== A '''wealth tax''' is levied on the total value of personal assets, including: bank deposits, real estate, assets in insurance and pension plans, ownership of [[unincorporated entity|unincorporated businesses]], [[Security (finance)|financial securities]], and personal trusts.<ref name="EWBR">{{Cite web|first=Edward N. |last=Wolff |title=Time for a Wealth Tax? |url=http://bostonreview.net/BR21.1/wolff.html |magazine=Boston Review (FebโMar 1996) |year=1996 |archive-url=https://web.archive.org/web/20080512230734/http://bostonreview.net/BR21.1/wolff.html |archive-date=12 May 2008 |url-status=dead}} (recommending a net wealth tax for the US of 0.05% for the first $100,000 in assets to 0.3% for assets over $1,000,000)</ref> Liabilities (primarily mortgages and other loans) are typically deducted, hence it is sometimes called a '''net wealth tax'''. Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page