capital levy

American  

noun

1. a tax based on capital, as distinguished from a tax on income.

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capital levy British  

noun

1. a tax on capital or property as contrasted with a tax on income

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Etymology

Origin of capital levy

First recorded in 1915–20

Example Sentences

See Examples For:

capital levy

The $28.3 million project was funded through a capital levy approved by Seattle voters in 2019.

From Seattle Times ● Sep. 6, 2023

The capital levy would cost 47 cents per $1,000 of assessed value in 2023 and decrease over the next five years, bringing the tax down to 37 cents per $1,000 by 2028.

From Seattle Times ● Feb. 8, 2022

The district already has $5 million set aside from a previous capital levy.

From Seattle Times ● Jan. 26, 2015

Unfortunately it shortly became apparent that the cost meant inserting the "capital levy" in the bill under the guise of a "mortgage-secured tax."

From Time Magazine Archive

He would have no difficulty about paying his capital levy, for he would obviously surrender something between 10 and 20 per cent. of his holding.

From War-Time Financial Problems by Hartley Withers