Bank wealth tax threshold.

Locked

Hi there,

So I have a few suggestions I would like to put forward, whether other people like these ideas or not is totally up to every individual.

Suggestion #1 - Raise the tax threshold from $10 million, up to around $15 million - $20 million.

Reason: Many people have already essentially done everything they can, to get rid of money (buy a house, buy cars, give money away) but they still have a substantial amount left over. You deposit this in your bank, over $10m you basically lose anything that you earn interest from over $10mill. I believe this being raised slightly would make storing money, (maybe make it, so as you level up the higher the threshold is) Level 1 - 50 $10 million, level 51 - 100 $20 million.


I'd like to see reasons for and against this occurring please, civil discussion only thanks.

- Karbzee