Re:Modeling a Wealth Tax
by Zak on Tuesday August 18, 2020 @05:26PM
(#24204543)
That's an income tax, not a wealth tax.
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The zakat in Islam is a wealth tax. It is calculated based on how much wealth you have continuously controlled over the last year.
Re:Modeling a Wealth Tax
by abiogenesis on Tuesday August 18, 2020 @09:26PM
(#24206259)
Correct. And it's not negligible either at 2.5% per annum according to some sources.