Amid ongoing discussions on tax reform next fiscal year, the government and ruling parties plan to consider strengthening taxes on the wealthy, who earn large amounts of income from assets such as stocks and land.
It is expected that adjustments will be made within the ruling party over which level of income will be subject to increased taxation.
Income tax is progressive taxation applied to salaries, etc., but as a general rule, the tax rate is uniform for gains from the sale of assets such as stocks and land, so wealthy people with higher asset income receive preferential treatment. , Statistically, the problem of the so-called "100 million yen wall" has been pointed out, where the tax burden rate drops when the income reaches 100 million yen.
In light of this situation, the government and ruling parties believe that it is necessary for people with economic power to bear a fair share of the burden. It is a policy to consider a new system of taxation at a certain rate when income is remarkably high.
Regarding the target total income level, there are multiple opinions such as 500 million yen and 1 billion yen within the ruling party, and it was also discussed at the executive meeting of the Liberal Democratic Party's tax research committee on the 3rd of this month.
According to the National Tax Agency, there are about 1,600 people with a total income of over 500 million yen, of whom 600 have exceeded 1 billion yen. expected to be