capital levy

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Definitions from WordNet

Noun capital levy has 1 sense

capital levy - a tax on capital or property
--₁ is a kind of tax, taxation, revenue enhancement
--₁ has particulars: property tax, land tax

Definitions from the Web

Capital Levy

A capital levy refers to a tax imposed on the wealth or assets of individuals or corporations by the government. It is typically a one-time tax payment aimed at raising funds for specific purposes such as national emergencies, infrastructure development, or debt reduction.

Senses/Usages:

As a noun, capital levy refers to the tax itself, the act of imposing the tax, or the total amount of tax collected.

Example: The government introduced a 10% capital levy on all assets above $1 million.

As a verb, capital levy denotes the action of imposing or collecting the tax.

Example: The government plans to capital levy all high net worth individuals for the next five years.

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