Is a coupon for unearned income

Taxes on wealth, capital gains and capital transfers

The Public Sector pp 367-384 | Cite as

Part of the Springer textbook book series (SLB)


Wealth taxes are taxes whose assessment basis is the inventory variable "wealth". Wealth taxes are thus "Income-independent taxes", I.e. even with a profit of zero or even in loss periods, a tax liability can arise. Depending on whether the entire property or only a part or a certain type of property (real estate, capital assets) is used as the basis for taxation, a distinction must be made between general wealth taxes and partial (Partial) wealth taxes. In the case of general wealth taxes, the deduction of debts is usually permitted when determining the taxable assets, i.e. it is about Net worth control (net wealth taxes). If personal circumstances (marital status, age, etc.) of the asset owner are also taken into account, similar to income tax, when assessing the tax amount, one speaks of a personal wealth tax or from a wealth tax as a subject tax. The opposite of personal (subjective) wealth tax would be one objective wealth taxwhich does not take into account the personal characteristics of the owner (and debts). Today, objective wealth taxes usually only occur in the form of partial wealth taxes and are then usually not referred to as “wealth taxes”; Examples of such objective partial wealth taxation are the Property tax as well as the Business tax according to the commercial capital in Germany and the property taxes of states and municipalities in the United States. In German-language literature, the term “wealth tax” is generally equated with general personal wealth tax.

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General literature and section 16.1

  1. Albers, W .: The taxation of wealth and sound income. In: W. A. ​​S. Koch, H. G. Petersen (ed.) State, taxes, financial equalization. Festschrift for Heinz Kolms on his 70th birthday. Pp. 235 ff, Berlin 1984. Google Scholar
  2. Auerbach, A. J .: Taxation of Wealth. In: The New Palgrave 4: 606 ff, London-New York-Tokyo 1987. Google Scholar
  3. Fecher, H .: Personal general wealth tax. In: HdF II: 453 ff, Tübingen 1980.Google Scholar
  4. Folkers, C .: The Incidence of General Taxes on Property and Capital Income. In: Finanzarchiv NF 1982, 40: 306 ff. Google Scholar
  5. Haller, H .: Thoughts on wealth taxation. In: Finanzarchiv N F 1977, 36: 222 ff. Corporate rights in foreign corporations (tax rate 2% of the purchase price) collected. 30 In a similar way, the tax rate in Austria was reduced from 8% to 3.5% in 1987 by abolishing a large part of the previous tax exemptions.Google Scholar
  6. Hedtkamp, ​​G .: A general personal wealth tax tax in a rational tax system. In: Finanzarchiv N F 1988, 46: 323 ff. Google Scholar
  7. Nachtkamp, ​​H .: Allocation Effects of Inventory Taxation. In: Finanzarchiv N F 1986, 44: 185 ff. Google Scholar
  8. OECD .: Taxation of Net Wealth, Capital Transfers and Capital Gains of Individuals, Paris 1986.Google Scholar
  9. Rose, M .: Wealth Taxes. In: HdWW 8: 299 ff, Stuttgart et al. 1980. Google Scholar
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  11. Tait, A. A .: The Taxation of Personal Wealth, Urbana - Chicago - London 1967.Google Scholar
  12. Tait, A .: Net Wealth, Gift and Transfer Tax. In: S. Cnossen (Ed.) Comparative Tax Studies. Essays in Honor of Richard Goode, pp. 139 ff, Amsterdam - New York - Oxford 1983. Scientific advisory board at the Federal Ministry of Finance. The uniform assessment in the Federal Republic of Germany - Deficiencies and alternatives - (Series of publications by the Federal Ministry of Finance, 41), Bonn 1989.Google Scholar

Section 16.2

  1. Andreae, C. A .: Property taxes. In: HdF II: 576 ff, Tübingen 1980. Karl-Bräuer-Institut des Bundes d. Taxpayers, unit valuation of real estate. Issue 76, Wiesbaden 1993. Google Scholar
  2. Kirchhoff, P., Leisner, W .: Land gain taxation. 2nd edition Miinster-Hillrup 1985. Google Scholar
  3. Nowotny, E., Marterbauer, M., Korber, W., Rainer, A., Auer, E .: Property markets, housing industry and the public sector, Institute for Communal Sciences, Linz 1990.Google Scholar
  4. Stoecklin, W. P .: The planning value skimming with special consideration of the Swiss conditions, Diessenhofen 1983. Scientific advisory board at the Federal Ministry of Finance, expert opinion on problems and possible solutions of a land appreciation tax. (Series of publications by the Federal Ministry of Finance, 22), Bonn 1976.Google Scholar

Section 16.3

  1. Ebnet, O,: The taxation of the increase in value. A theoretical approach in the context of income taxation, Baden-Baden 1978.Google Scholar
  2. Hackmann, J .: Consequences of an income tax exemption from changes in assets. In: Finanzarchiv N F 1985, 43: 421 ff. Google Scholar
  3. Poterba, J. M .: How Burdensome Are Capital Gains Taxes? Evidence from the United States. In: Journal of Public Economics 1987, 33: 157 ff. Google Scholar
  4. Schneider, D .: Improving the allocation through taxation of unrealized changes in assets? In: Finanzarchiv N F 1986, 44: 224 ff. Google Scholar

Section 16.4

  1. Oberhauser, A .: Inheritance and gift taxes. In: HdF II: 487 ff, Tübingen 1980.Google Scholar
  2. Pechman, J. A .: Inheritance Taxes. In: The New Palgrave II: 855 ff, London-New York-Tokyo 1987.Google Scholar
  3. Schneider, D .: To justify inheritance and wealth taxes. In: Steuer und Wirtschaft 1979, 56:38 et seq. Google Scholar

Section 16.5

  1. Fecht, R .: Taxes on capital and payment transactions. In: HdF I1: 827 ff, Tübingen 1980.Google Scholar
  2. Karl Brauer Institute of the Association of Taxpayers, Reduction of Capital Transfer Taxes (Schriften, 61), Wiesbaden 1989.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 1996

Authors and Affiliations

  1. 1. Institute for Economic Theory and Policy, Vienna University of Economics and Business, Vienna, Austria