What Is a Wealth Tax?

1 min read

There’s an income tax, and then there’s a wealth tax. If you work a job, you’re probably no stranger to the income tax. But the wealth tax is a foreign concept for many, focusing primarily on a person’s net worth. 

If you’re on the journey to building wealth, here’s what you should know about the wealth tax and how it could potentially affect your net worth. 

Image source: Getty Images.

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