Definition of wealth tax in English:

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wealth tax


A tax levied on personal capital: an increase in wealth tax [count noun]: an immediate objective should be the introduction of a wealth tax
More example sentences
  • There is no capital gains tax, sales tax or VAT, inheritance tax or wealth tax on the Rock.
  • A White Paper published in February 1974 proposed a capital gains tax of 35 per cent and an annual wealth tax on estates of over £40,000.
  • There are three obvious ways that society can capture the unearned increment: by requiring lease payments from the land user, by a wealth tax, and by a tax on rental income.

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