> I listed no rate for chattels. <
I took the “2% on the net worth in personal property financial holdings, other than common stock” to be the tax on chattel property.
And if chattel property (paintings, rare coins, etc.) truly is exempt from a holding tax, then lots of folks would would be investing in those, and avoiding stocks.
“And if chattel property (paintings, rare coins, etc.) truly is exempt from a holding tax, then lots of folks would would be investing in those, and avoiding stocks.”
Chattels often are bad investments.
Many auction houses also charge a 10% buyers premium.
States charge sales tax (~5% - 9%) on every sale.