Question

Which of these is an example of tax on wealth ?
-a.) cig trade
-b.)state sales tax
-c.) real estate tax
-d.) social sec. tax

Answer 1

Answer:

C) real estate tax

Explanation:

This is a tax on property so it’s a tax on those who have wealth.

Answer 2

It should be noted that an example of tax on wealth is c.) real estate tax.

What is tax on wealth?

Tax on wealth can be regarded as the type of tax that tax payer are  been subjected to base on their wealth.

This tax could be on those whose net assets, i.e., assets minus debt, are valued at over $50 million.

Learn more about tax on wealth at;

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