What does the wealth tax on intangibles encompass?

The wealth tax on intangibles specifically refers to a tax levied on various non-physical assets that hold value. This includes financial instruments like stocks and bonds, which represent ownership in companies and loans to governments or corporations. Additionally, savings accounts, which also constitute a form of intangible asset by representing a claim on funds held in the bank, are included in this category. Trademarks, as intangible assets representing unique brand identities in a marketplace, further illustrate the scope of what is covered by this tax.

This answer captures the essence of intangible wealth, emphasizing how it differs from tangible assets, such as real estate and properties, which are not classified as intangibles. Since the wealth tax on intangibles focuses solely on non-physical forms of assets, it excludes direct income from business operations and inheritance from estate bequeathals, both of which do not pertain to the financial instruments and rights encompassed in the definition of intangible wealth.