Potential wealth tax revenue by country

If the United States implemented a net wealth tax of five percent on wealth over one billion U.S. dollars, and two percent on wealth between five million and one billion U.S. dollars, it is estimated that the country could add another 446 billion dollars to its national budget. This equals over seven percent of the estimated current tax revenues. By comparison, it is estimated that a similar wealth tax in India would add 14 percent of its current tax revenue to the national budget.

Estimated revenue-raising potential of a net wealth tax (NWT) in India, Nigeria, the United States and France from 2019 to 2021, compared to estimated current tax revenue (in billion U.S. dollars)*

Characteristic	Estimatet NWT revenue	Estimated current tax revenue
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Release date

January 2023

More information

Region

Worldwide

Survey time period

2019 to 2021

Supplementary notes

*The estimates were made using a calculation where wealth of over one billion U.S. dollars was taxed five percent, and wealth between five million and one billion U.S. dollars was taxed two percent.

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