Comment by vidarh
3 years ago
UK has council tax bands based loosely on property value, but it's not very regularly reassessed so it's not very progressive.
Norway has a wealth tax of up to 1.1% of wealth, with discounts based on different types of wealth and a minimum deduction of ca. $150k. Discounts are based roughly on how liquid assets are. Houses etc. are valued at 25% of market value, so let's say you have a $600k house, the taxable value is $150k, which falls entirely within the minimum deduction, so most people pay very little wealth tax.
and speeding tickets! In parts of Scandinavia, the speeding tickets fine is based on your income, not a flat fee, so if you're a bank manager you pay more for the parking ticket vs if you're a poor student. The record is €121,000 for being caught going 20 over the limit by a multimillionaire.