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

The capital levy would bring in $783 million over six years.

From Seattle Times • Feb. 8, 2022

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

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

A capital levy would fund construction projects to modernize or replace aging buildings.

From Seattle Times • Apr. 3, 2018

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