Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- intransitive verb To impose (a tax or fine, for example) on someone.
- intransitive verb To impose a tax, fine, or other punishment on (a person or business).
- intransitive verb To enlist or conscript into military service.
- intransitive verb To declare and wage (a war).
- intransitive verb To confiscate property, especially in accordance with a legal judgment.
- noun The act or process of levying.
- noun Money, property, or troops levied.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb To
impose (atax orfine ) tocollect monies due, or toconfiscate property - verb To
draft someone intomilitary service - verb To
wage war - noun The act of
levying - noun The tax, property or people so
levied
Etymologies
from The American Heritage® Dictionary of the English Language, 4th Edition
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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The chancellor should drop his hyperbole about banks making a "fair contribution": the levy is a gentle measure.
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According to the group's charter, the decline in the levy is attributable to bookmakers exploiting loopholes in the existing legislation, such as moving their operations offshore and utilizing thresholds designed for small businesses to avoid paying levy.
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"In the end it all flows from prize money and the levy is the key contributor to prize money."
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The argument for the levy is the same one I made on a prior thread regarding whether people should buy school supplies for low-income children.
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As an active public library user and family member of the Friends of the Library, voting “yes” for the library levy is vital to me.
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After lapsing on Jan. 1, 2010, the levy is slated to return on Jan. 1, 2011 — at a higher rate (55%) and lower exemption amount ($1 million) than in 2009, when, at 45%, it affected only estates valued at $3.5 million or more.
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I suspect that the levy is being used to pay what had been paid by general funds in the past.
In Recent Days There Have Been a Number of Assertions « PubliCola
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Rod Roman, tax partner at Ernst & Young, said: "While the chancellor aims to achieve a simultaneous reduction in bank risk and an increase in tax revenue, he may find, at least as far as the levy is concerned, he only gets one effect: a reduction in bank risk as certain types of banking business increasingly get done outside of London and outside of UK headquartered banks".
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As an active public library user and family member of the Friends of the Library, voting “yes” for the library levy is vital to me.
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The power that they wield appears flimsy — the most serious penalty they can levy is a rebuke to firms and individuals through public notices.
Comments
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