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20 Countries with Highest Income Tax Rates in the World

In this article, we will look at 20 countries with highest income tax rates in the world. ....

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Bruce Cotterill: Envy taxes will only result in making us all poorer

‘Wealthy’ are already doing their bit so why penalise them for their success? ....

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Estonia Tops Tax Foundation's Tax Competitiveness Index

Estonia Tops Tax Foundation's Tax Competitiveness Index
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Washington Democrats bet big on 'wealth tax' aimed at state's billionaires

Washington Democrats bet big on wealth tax aimed at state s billionaires
by
Tim Gruver, The Center Square
| February 03, 2021 08:30 AM
Print this article
Under
House Bill 1406, top earners would see a 1% tax applied to paper assets such as cash, bonds, pensions, and stocks in excess of $1 billion. Treasury and municipal bonds would be exempt.
Such a tax would be the first of its kind in the country and would have violators would pay a 5% penalty for every month a return is overdue.
The bill would take effect New Year s Day of 2022 and generated revenue would go straight into the state s general fund. Its sponsor, House Finance Chair Rep. Noel Frame, D-Seattle, said that money would be put towards tax credits for working families and businesses. ....

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