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capital levy

noun

  1. a tax based on capital, as distinguished from a tax on income.


capital levy

noun

  1. a tax on capital or property as contrasted with a tax on income
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of capital levy1

First recorded in 1915–20
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Example Sentences

Mr. Adamson frankly declared that the Labour Party was in favour of a capital levy, but wanted to get at the war-profits first.

People often say that a Capital Levy merely imagines everybody dying at the same time.

I do not rule the Capital Levy out as impracticable by any means, but as a taxation expedient I cannot be enthusiastic about it.

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