Interest income is taxed like a wealth tax, i.e. a fixed 30% out of an assumed yield of 4% is a rate of 1.2% imposed on assets in excess of $21,139 (2012).
Interest income is taxed like a wealth tax, i.e. a fixed 30% out of an assumed yield of 4% is a rate of 1.2%. This 1.2% is imposed on assets in excess of $21,139 (2012).