wealth tax
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wealth tax
A tax levied on the net wealth of a person or company. The assessment basis is the total value of assets (e.g., real estate, stocks, cash) minus debts.
In der Politik wird kontrovers über die Wiedereinführung der Vermögenssteuer diskutiert.
In politics, the reintroduction of the wealth tax is being controversially debated.
This word is composed of 'das Vermögen' (assets, wealth) and 'die Steuer' (tax). The linking -s connects the two parts. Since 'Steuer' is feminine, 'Vermögenssteuer' is also feminine.
Ein hohes Vermögen ist die Voraussetzung für die Zahlung der Vermögenssteuer.
A high level of wealth is the prerequisite for paying the wealth tax.
In political discourse, 'Vermögenssteuer' (wealth tax) is often combined with certain verbs: it can be 'einführen' (introduced), 'erheben' (levied), 'abschaffen' (abolished), or 'zahlen' (paid).
Einige Parteien fordern, die Vermögenssteuer wieder einzuführen.
Some parties are calling for the wealth tax to be reintroduced.
The term 'Vermögenssteuer' (wealth tax) is used almost exclusively in discussions about politics, economics, and social justice.
Die Debatte um die Vermögenssteuer füllt die Titelseiten der Zeitungen.
The debate about the wealth tax is filling the front pages of the newspapers.
