capital levy

American  

noun

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

---

capital levy British  

noun

1. a tax on capital or property as contrasted with a tax on income

---

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

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

Technology represents about a third of the district’s six-year, $783 million capital levy request.

From Seattle Times • Jan. 26, 2022

In Port Angeles, which hasn’t passed a bond or capital levy since 2001, about 43 percent of school buildings were found to be high-risk, and none have been seismically retrofitted.

From Seattle Times • Jul. 13, 2016

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