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Old 21.10.2015, 10:54
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Re: Can I survive in Lausanne with 100.000/year?

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Interesting -- those figures show that 11.29% of people who submitted a tax return in Switzerland in 2011 declared net assets of more than half a million francs -- and those 11.29% of people held 77.07% of all assets.

The wealthiest 0.21% held 26.49% of all assets.
When considering assets you generally need to take account of age. Even more than income, assets tend to grow over time giving a natural bias.

There may also be another bias, it isn't clear from the data - couples naturally have more assets but (may) only count as one tax payer, and they're typically older so have more assets anyway.

It would be interesting to have more data or slices across similar age groups - I'd expect to see a lot less difference and a clear progression of assets wit age.
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Old 21.10.2015, 11:01
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Re: Can I survive in Lausanne with 100.000/year?

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Absolutely. I was surprised that I was able to start paying somewhat less when I moved from Ticino to Aargau for health insurance!
People said, before I moved, watch out, in 'Svizzera interna'/'Deutschschweiz', everything is so much more expensive! But it is simply not true!
Prices in the supermarkets are basically identical.
Health insurance is actually cheaper. Taxes are basically the same.
In Ticino though the salaries are generally quite a bit lower. It simply doesn't make sense!
Why is this so surprising to you? Do you expect salaries in New York to be the same as in Alabama? Or Londoners to earn the same as Glaswegians?

Look again at taxes -- they vary enormously by canton, with income tax in Deutschshweiz being generally much lower than in Romandie or Ticino.

I'd expect the price of groceries to vary across the country, along with salaries, medical costs, in fact all financial aspects -- just as in every other free market country in the world. Socialist, Switzerland is not!
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Old 21.10.2015, 11:05
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Re: Can I survive in Lausanne with 100.000/year?

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It is interesting. Does it also show that over double that amount declared they had nothing?!!
As you can see for yourself, yes, about a quarter of taxpayers declared zero assets and more than 56% in total declared less than CHF 50,000. This could be because:

a) they had no assets
b) their debt exceeded their asset value
c) they had good accountants
d) they cheated on their tax returns.
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Old 21.10.2015, 11:12
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Re: Can I survive in Lausanne with 100.000/year?

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As you can see for yourself, yes, about a quarter of taxpayers declared zero assets and more than 56% in total declared less than CHF 50,000. This could be because:
a) they had no assets
b) their debt exceeded their asset value
c) they had good accountants
d) they cheated on their tax returns.
Thank you.
Would 'assets' here encompass everything owned worldwide including non-moveable assets such as property/real estate?
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Old 21.10.2015, 11:30
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Re: Can I survive in Lausanne with 100.000/year?

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It would be interesting to have more data or slices across similar age groups - I'd expect to see a lot less difference and a clear progression of assets wit age.
Some more data: in 2013, 5'080 estates in Switzerland were rejected by the heirs due to negative assets. This is approx. 7.9% of all estates (2012 deaths in Switzerland: 64'173):

http://www.tagblatt.ch/ostschweiz-am...304168,3946530
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Old 21.10.2015, 11:32
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Re: Can I survive in Lausanne with 100.000/year?

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Thank you.
Would 'assets' here encompass everything owned worldwide including non-moveable assets such as property/real estate?
Yes, but NOT the contents of 2p and 3p accounts.

Tom
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Old 21.10.2015, 12:02
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Re: Can I survive in Lausanne with 100.000/year?

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I'd expect the price of groceries to vary across the country
It's my understanding that the prices in supermarkets *are* actually the same across all of Switzerland.
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Old 21.10.2015, 12:04
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Re: Can I survive in Lausanne with 100.000/year?

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It's my understanding that the prices in supermarkets *are* actually the same across all of Switzerland.
Excluding products that are on special offer, or reduced, the vast majority of the prices of products in the large supermarket chains are the same across the country.
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Old 21.10.2015, 12:18
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Re: Can I survive in Lausanne with 100.000/year?

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Excluding products that are on special offer, or reduced, the vast majority of the prices of products in the large supermarket chains are the same across the country.
Meat be an obvious exception.

Tom
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