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

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

From Seattle Times ● Sep. 6, 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

Now the school district is asking voters to approve a capital levy that would fund various projects, among them replacing the Memorial Stadium grandstands and keeping the field for sports and community events.

From Seattle Times ● Feb. 4, 2022

He wanted a "capital levy" inserted "on principle," though the Senate should tear it up.

From Time Magazine Archive

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 Hartley Withers