Re:California plan for wealth tax on anyone who spends 60 da...
by tgsovlerkhgsel on Saturday December 19, 2020 @01:31PM
(#25479782)
0.4% is comparable to the wealth tax in Switzerland.
I believe one of the differences is that in California, this would be on top of federal and state capital gains taxes, whereas in Switzerland, there is no tax on investment gains (from stock gaining value - dividends do count as income, and once ETFs with dividend-paying stocks get involved, it gets messy but TLDR you still pay the income tax on dividends).
I believe one of the differences is that in California, this would be on top of federal and state capital gains taxes, whereas in Switzerland, there is no tax on investment gains (from stock gaining value - dividends do count as income, and once ETFs with dividend-paying stocks get involved, it gets messy but TLDR you still pay the income tax on dividends).