A Proposed Wealth Tax on Colombia's 4,700+ Richest Would Raise $1 Billion

Estimates that the progressive wealth tax of the incoming government, at 0.25% to 1% on wealth above USD 250,000 to 1 million, would raise about USD 1 billion from the 4,700 or so richest Colombians, and about USD 2.2 billion with added rates of 2% above USD 5 million and 3% above USD 50 million.