noun
a tax on capital or property
• Hypernyms: ↑tax, ↑taxation, ↑revenue enhancement
• Hyponyms: ↑property tax, ↑land tax
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noun : a levy on personal or industrial capital in addition to income tax and other taxes : a general property tax
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a tax based on capital, as distinguished from a tax on income.
[1915-20]
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capital levy noun
A tax on capital or the profit derived from the sale of property, etc, as opposed to a tax on earned income
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Main Entry: ↑capital
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capital levy,
a direct tax on capital property.
Useful english dictionary. 2012.