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Old 13.03.2020, 14:13
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Re: Actual tax rate - global wealth

To add to NotAllThere's comment, Ct. Schwyz has a proportional/ flat tax rate on net assets, i.e., the asset tax rate is not progressive.

Example:
Net assets: 500'000
excludable as social deduction*: -125'000
Taxable assets: 375'000
x .06%
225

Then:
Canton factor: 160%
Wollerau factor: 65%
District factor: 15%

Calculated asset taxes:
Canton: 360
Wollerau: 146
District: 34
Total Asset Tax: 540

*- single, no children.

If the OP is worth 5'000'000, the above method still applies because of the proportional tax rate.
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