(alsocapital levy)ataxon thevalueof theland,buildings, etc.ownedby apersonorcompany:Governments usecapitaltaxestoreduceinequalitiesinwealth.(Definition ofcapital taxfrom theCambridge Business English Dictionary? Cambridge University Press)
Examplesofcapital tax
capital taxAdditionally, pensioners may withdraw the whole of thecapitaltax-free.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.The taxes may also be referred to as income tax orcapitaltax.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.These displayed values were obtained by adding the corporate income tax for each year with the corporatecapitaltax.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.Capitaltaxis a tax charged on a corporation's taxable capital.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.It also initiated a phased abolition of thecapitaltaxon businesses and continued a policy of significant funding increments to the health and education missions.FromWikipediaThis example is from Wikipedia and may be reused under a CC BY-SA license.This requires thecapitaltaxrate to be positive when consumption is rising and negative when it is falling.From theCambridge English CorpusHowever, as argued above, a positivecapitaltaxcan be optimal only if consumption is increasing over time.From theCambridge English CorpusThereafter, thecapitaltaxis set to approximately zero, and the labor tax to 32%.From theCambridge English CorpusHow can thecapitaltaxbe used to accomplish this?From theCambridge English CorpusBut there is a cap on thecapitaltax, so the planner cannot tax early consumption as much as needed to implement this efficient scheme.From theCambridge English CorpusThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.#https://dictionary.cambridge.org//dictionary/english/capital-tax##
