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

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

From Seattle Times ● Feb. 21, 2023

Projects under the $1.4 billion Building Excellence V capital levy were approved by Seattle voters in February 2019.

From Seattle Times ● Nov. 26, 2022

If approved, the operations levy would bring in $646.8 million over three years and the capital levy would bring in $783 million over six years.

From Seattle Times ● Jan. 27, 2022

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

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 Withers, Hartley