Example: 2 percent wealth tax with a $100 million exemption threshold on an individual with a $3 billion net worth
Table with 3 columns and 3 rows.
Assets
Wealth Tax Rate
Wealth Tax Owed
First $100 million
0%
$0
Remaining $2.9 billion
2%
$2.9 billion x 2% = $58 million
Total
$0 + $58 million = $58 million