wealth tax

noun

1. a tax on personal property; capital levy

Example Sentences

One idea that has many rich Americans exercised is the possibility of a wealth tax.

From Los Angeles Times

The equivalent of a wealth tax was proposed by the Biden administration in a policy statement that was endorsed by Democratic presidential candidate Kamala Harris, but the chance of such a thing being proposed by Trump is plainly nil.

From Los Angeles Times

A dozen Labour MPs have joined a cross-party call for an "extreme wealth" tax in this month's Budget.

From BBC

In their letter to Reeves, the 30 MPs and peers say an extreme wealth tax is needed as billionaire wealth has increased by almost £150bn in only two years, between 2020 and 2022, but revenue from wealth taxes has remained stagnant at around 3.4%.

From BBC

Sultana is one of five MPs who signed the wealth tax letter and who are currently suspended from the Labour Party for voting against the winter fuel payment cuts.

From BBC