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 cost 47 cents per $1,000 of assessed value in 2023 and decrease over the next five years, bringing the tax down to 37 cents per $1,000 by 2028.

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

The district already has $5 million set aside from a previous capital levy.

From Seattle Times • Jan. 26, 2015

As regards internal debt, I am one of those who believe that a capital levy for the extinction of debt is an absolute prerequisite of sound finance in everyone of the European belligerent countries.

From The Economic Consequences of the Peace by Keynes, John Maynard