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

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Example Sentences

See Examples For:

capital levy

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

From Seattle Times ● Feb. 21, 2023

One of the big-ticket items the capital levy would fund is upgrades to Memorial Stadium, the Seattle Center facility where many students take part in graduation ceremonies or play football.

From Seattle Times ● Jan. 27, 2022

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

From Seattle Times ● Jan. 26, 2022

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

In 1916 they imposed a war increment tax, something in the nature of a capital levy, which is stated to have brought in £275 millions.

From War-Time Financial Problems by Hartley Withers

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