r/SwissFIRE • u/EconomiadeVerdad • 12d ago

ChubbyFIRE wealth level depending on residence canton

Hi there, I'm a 28M Spanish guy, and my wife and I recently decided to move within ~2 years to Switzerland for good (already started learning German and so on).

I know that there's no such a thing as a magic undisputed wealth number to be considered as ChubbyFIRE, but I'm curious how this approximate level can vary from canton to canton because of taxes, cost of living, home prices... Has someone any data about it?

Danke und LG.

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u/orange_jonny 12d ago

Of course I’m not gonna list all the cantons with different “Chubby” levels, but a few pointers to get you going:

The usual hotspots (Zurich / Geneva / Bern / Basel) are all very bad. E.g geneva has close to 1% wealth tax and even Zurich is 0.5%, not to mention house prices are insane.

Zug is nice for income, but for just sitting on 10M (which is chubby territory for Switzerland) you want central Switzerland.   NW, OW, SZ and even some Gemeinden in Luzern are with the lowest wealth taxes and some have (comparatively) affordable housing. 

If you don’t care about lakes or closiness to Zurich or big cities, just pick something in mountain NW/OW/Schwyz.

If you don’t care about nature, kanton Luzern on the non-lake side is very cheap and still good wealth taxes. 

0

u/acacio 12d ago

Wealth tax is NOT 1%.
Above 90k (tax free) assets are assessed at 60-80% of market value and then:

Zurich applies a progressive basic tax rate. It starts at 0.05% and scales up to a maximum of 0.30% for net wealth over CHF 3.3 million

6

u/Confident-Reward-120 12d ago

Where or where do you find information that says assets are added at 60-80% of real value? I am really really curious

5

u/orange_jonny 12d ago

He asked chat-gpt, and chat-gpt fumbled and combined multiple sources (taxation of real estate) with general wealth tax. 

Trust me, I have around that figure, aint nobody giving discounts on wealth tax 

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u/Confident-Reward-120 11d ago

Yeah I totally agree The Swiss are into monetary accuracy! No shirking

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u/blablamehbla 9d ago

It's stupid. If there was a 30% discount on the asset value they would simply make the tax rate 30% lower. Not have a convoluted multi step calculation. It takes a special kind of stupid from OP to not realize they were posting gibberish.