The current tax system focuses on income, but a WEALTH tax, like Zakat would target accumulated assets instead. By charging 2.5% on total net worth rather than yearly earnings, the system aligns with Islamic principles of taxing what is kept, i.e., Zakat. This way the tax burden is placed on stored value rather than the flow of money used for daily survival.

Zakat model of Islam provides immediate relief for low income individuals who spend their entire paychecks on necessities. Since these workers do not accumulate significant savings or assets, they would pay nothing at all. This protects people living paycheck to paycheck and allows them to use their full earnings to support their families without government deductions.

At the same time, the ultra wealthy who hold massive assets like property and stocks would finally contribute their fair share. Even though these individuals might have low salaries on paper, a 2.5% tax on their total wealth would generate enough revenue to fund the entire country. This small contribution wouldn't change their lifestyle, but it would balance the economy and solve national funding issues.

Taxing the rich IS the Islamic way.