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

These school construction projects are also funded through the 2019 capital levy.

From Seattle Times • Sep. 6, 2023

The capital levy voters approved last year included funding for new grandstands, LED lights and turf.

From Seattle Times • Mar. 20, 2023

This initiative started about three years ago, and is being paid for through a voter-approved capital levy.

From Seattle Times • Feb. 21, 2023

Technology represents about a third of the district’s six-year, $783 million capital levy request.

From Seattle Times • Jan. 26, 2022

In other words, because both lawyer and parson paid income tax, it was fair that the former should escape the capital levy while the latter should have to pay it!

From War-Time Financial Problems by Withers, Hartley