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

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

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

Unfortunately it shortly became apparent that the cost meant inserting the "capital levy" in the bill under the guise of a "mortgage-secured tax."

From Time Magazine Archive

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