Chapter 15 Wealth

Hypothetical wealth tax. Tax base is the sum of dwelling value, other immovable assets, securities accounts, business assets and other movable assets. Each of those 5 categories of assets can benefit from exonerations. A progressive tax is then applied.

15.1 Module input

15.1.1 Variables

Name Description Database
abo_h_fm market value of bonds HFCS
abuse01_h_fm self-employment business: value of the business (01) HFCS
abuse02_h_fm self-employment business: value of the business (02) HFCS
abuse03_h_fm self-employment business: value of the business (03) HFCS
abusead_h_fm value of additional businesses HFCS
abusepo01_h_fn self-employment business: % of household ownership (01) HFCS
abusepo02_h_fn self-employment business: % of household ownership (02) HFCS
abusepo03_h_fn self-employment business: % of household ownership (03) HFCS
aca_h_fm total value of cars HFCS
ahooo_h_fm current price of household main residence HFCS
ahooopo_h_fn % of ownership of household main residence HFCS
ahooots_h_fc owner occupied housing - tenure status HFCS
aimop01_h_fm current value of other property (01) HFCS
aimop02_h_fm current value of other property (02) HFCS
aimop03_h_fm current value of other property (03) HFCS
aimoppo01_h_fn % of the other property belonging to household (01) HFCS
aimoppo02_h_fn % of the other property belonging to household (02) HFCS
aimoppo03_h_fn % of the other property belonging to household (03) HFCS
ama_h_fm value of additional assets in managed accounts HFCS
amf_h_fm market value of mutual funds (all together) HFCS
amo_h_fm amount owned to household HFCS
anloa01_h_fm non-collateralised loan $x: outstanding balance of loan (01) HFCS
anloa02_h_fm non-collateralised loan $x: outstanding balance of loan (02) HFCS
anloa03_h_fm non-collateralised loan $x: outstanding balance of loan (03) HFCS
aoc_h_fm amount of outstanding credit line/overdraft balance HFCS
aoccc_h_fm amount of outstanding credit cards balance HFCS
aot_h_fm value of other assets HFCS
aotva_h_fm total value of other valuables HFCS
aotve_h_fm total value of other vehicles HFCS
aploa01_h_fm private loan $x: outstanding amount (01) HFCS
aploa02_h_fm private loan $x: outstanding amount (02) HFCS
aploa03_h_fm private loan $x: outstanding amount (03) HFCS
app_h_fm voluntary pension schemes - value of accounts HFCS
ash_h_fm value of publicly traded shares HFCS
asi_h_fm value of sights account HFCS

15.1.2 Parameters

Name Description Value (2020)
wt_brack brackets Inf
wt_exo_business exoneration / business wealth 0
wt_exo_dwelling exoneration / dwelling  0
wt_exo_otherimmovable exoneration / immovable wealth 0
wt_exo_othermovable exoneration / movable wealth 0
wt_exo_secaccount exoneration / securities account 0
wt_rates rates 0

15.2 Module output

Name Description
t_wealth amount of the wealth tax