Example: 2 percent wealth tax with a $100 million exemption threshold and surcharge above $1 billion on an individual with a $3 billion net worth
Table with 3 columns and 4 rows.
Assets
Wealth Tax Rate
Wealth Tax Owed
First $100 million
0%
$0
Next $900 million
2%
$900 million x 2% = $18 million
Remaining $2 billion
3%
$2 billion x 3% = $60 million
Total
$18 + $60 million = $78 million