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total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses , financial securities , and personal trusts (an on-off levy on wealth is a capital levy ). [ ] typically, liabilities (primarily mortgages and other
loans) are deducted from an individual's wealth, hence it is sometimes called a net wealth tax. this is in contrast to other tax plans such as an income tax , which is in use by countries like the united states . wealth taxation plans are in use in many countries around the world and seek to reduce...
https://en.wikipedia.org/wiki/Wealth_tax