wealth tax

British  

noun

1. a tax on personal property; capital levy

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Example Sentences

Notably, New York office REITs fell much less than they did last summer when Mamdani first floated his wealth tax plan in June.

From Barron's

“There are a lot of provisions that are designed based on what has worked well in other countries with wealth taxes in the modern era, especially Switzerland, and there are also provisions meant to shut down some of the holes in some of the earlier wealth tax efforts, especially the France one, that were viewed as not successful,” said David Gamage, a University of Missouri tax law professor and another of the proposal’s drafters.

From Los Angeles Times

For example, each state in Spain sets its own wealth tax rate, and Madrid’s is 0% — but that has not caused an exodus from other parts of Spain to Madrid, Galle said.

From Los Angeles Times

Darien Shanske, a tax law professor at UC Davis and another drafter of the proposal, said he and his colleagues did their best to “look at the lessons of the past, and apply them in a way that makes sense and is generally fair and administrable” — in a state where wealth inequality is rapidly growing and a wealth tax presents unique opportunities.

From Los Angeles Times

When assets acquire a recurring carrying cost such as a wealth tax, markets reprice them downward.

From The Wall Street Journal