a tax on capital or property as contrasted with a tax on income
capital levy in American English
a tax on individual or corporate capital, sometimes levied in addition to an income tax
capital levy in American English
noun
a tax based on capital, as distinguished from a tax on income
Word origin
[1915–20]This word is first recorded in the period 1915–20. Other words that entered Englishat around the same time include: GI, collage, markup, neorealism, soviet
Examples of 'capital levy' in a sentence
capital levy
There is sound economic reason to capital levies, too.