'These 4,700+ individuals represent only 0.009 percent of the population, yet hold approximately 17.3 percent of the country's total wealth.'
released last year found that the median wealth per adult in Colombia is just $4,854 USD, and only 2.6 percent of adults have a net worth of more than $100,000 USD.suggest Petro plans to levy a 0.25 percent tax on wealth over $250,000 USD; 0.5 percent on wealth over $500,000 USD; 0.75 percent on wealth over $750,000 USD; and one percent on wealth over a million US dollars.
These 4,700+ individuals represent only 0.009 percent of the population, yet hold approximately 17.3 percent of the country’s total wealth. But if we include a more progressive wealth tax that adds a two percent tax on wealth over $5 million USD and a three percent tax on wealth over $50 million USD, the revenue raised more than doubles to $8.8 trillion pesos or $2.2 billion USD.
Sarmiento’s net worth was listed at $8 billion USD by Forbes when the markets closed on August 1. Under Petro’s plan, he would pay:a 0.5 percent on the $250,000 USD between $500,000 and $750,000; a 1 percent tax on the remaining $7.99 billion USD.
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