What does capital levy mean?
Definitions for capital levy
cap·i·tal levy
This dictionary definitions page includes all the possible meanings, example usage and translations of the word capital levy.
Princeton's WordNet
capital levynoun
a tax on capital or property
Wikipedia
Capital levy
A capital levy is a tax on capital rather than income, collected once, rather than repeatedly (regular collection would make it a wealth tax). For example, a capital levy of 30% will see an individual or business with a net worth of $100,000 pay a one-off sum of $30,000, regardless of income. Capital levies are considered difficult for a government to implement.Some economists argue that capital levies are a disincentive to savings and investment, and cause capital flight, but others argue that in theory this need not be the case. The latter view was popular in the World Wars; in the 2010s, it has also gained some acceptance as more heavily indebted nations struggle to raise revenues.
ChatGPT
capital levy
A capital levy is a one-time tax imposed on individuals or businesses with the goal of raising government revenue, often during times of severe economic or fiscal crisis. This tax is specifically levied on private wealth or capital, such as property, investments, or money in bank accounts, rather than on income, consumption, or transaction. The levy is typically progressive, meaning that those with more wealth pay a higher percentage.
Wikidata
Capital levy
A capital levy is a tax on capital rather than income, and is collected once rather than annually. For example, a capital levy of 30% will see an individual or business with a net worth of $100,000 pay $30,000 in tax, regardless of income. It is considered difficult for a government to implement, as the confiscatory nature of taxation is more apparent than with income tax. Thus once such a levy is enacted, capital flight is likely to ensue. Some economists argue that capital levies are a disincentive to savings and investment, though others argue that in theory this need not be the case.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of capital levy in Chaldean Numerology is: 9
Pythagorean Numerology
The numerical value of capital levy in Pythagorean Numerology is: 9
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"capital levy." Definitions.net. STANDS4 LLC, 2024. Web. 21 Dec. 2024. <https://www.definitions.net/definition/capital+levy>.
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