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| Many thanks for this, Curley. I realize that I’ll get taxed when I take the cash, and can deal with that, but I am wondering how much I will then be taxed annually on my new ‘fortune’. How much for each 100k? | |
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The rate is progressive.
In Geneva
100k = ~0.001%
200k = ~0.2%
500k = ~0.4%
1M = ~0.5%
2M = ~0.7%
5M = ~0.9%
10M = 1%
100M = 1%
Btw. Geneva is one of the canton with the highest wealth tax. In Zug and Schwyz the max rate is ~0.3%, Bern and Zurich ~0.6%.