On November 10, 1938, just two days after the Kristallnacht pogroms, the German government introduced the Judenvermögensabgabe; the Jewish capital levy. Jews with more than 5,000 Reichsmarks (RM) in assets were required to pay a 20 percent tax on all assets in order to meet a collective target of one billion RM. Despite inflated claims of Jewish wealth, the events of the preceding five years had financially crippled many of Germany's Jewish population, and it quickly became clear that the target sum would not be met, therefore the tax was increased to 25 percent in 1939. Jewish property This levy was introduced by Herman Göring, as a punishment for Jews and their so-called "hostile attitude" towards the German people. In reality, funds from the levy were to be used to repair the businesses damaged in the pogroms (the cost of which was estimated to be 225 million RM), which were then seized by the government and sold on to non-Jewish buyers. Many of these properties were confiscated through two additional decrees in 1938, which also saw authorities force Jewish businesses to sell selected assets at severely reduced prices. Deportation A clause of the Nuremberg Laws of 1936 stripped overseas German Jews of their citizenship and property; this rule was then applied to the thousands of German Jews who were deported to concentration and extermination camps in Eastern Europe after 1941. The remaining Jewish assets were seized by the Nazi regime and put towards the war effort, which ultimately included the systematic murder of many German Jews.