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mansion tax

Line breaks: man|sion tax

Definition of mansion tax in English:

noun

informal
A tax levied on expensive residential properties of a value in excess of a particular sum: the mayoral candidates were asked about their views on a possible mansion tax for rich homeowners
More example sentences
  • But one thing that wasn't in the Budget was a full-blown mansion tax of the sort he has been calling for.
  • One of the aims of a Mansion Tax is to collect a share of the untaxed wealth the rich currently enjoy.
  • The upcoming UK budget (21 March) may see the controversial 50 per cent tax on top earners being replaced with a mansion tax on real estate worth more than £2 million (around $3.2 million).

Definition of mansion tax in:

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Word of the day verbose
Pronunciation: vərˈbōs
adjective
using more words than are needed…