News for hackers. Stuff that matters.

A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by Cyph0n on Tuesday August 18, 2020 @05:35PM (#24204624)
The zakat in Islam is a wealth tax. It is calculated based on how much wealth you have continuously controlled over the last year.
[ Parent | on HN ]
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.
[ Parent | on HN ]