from Wiktionary, Creative Commons Attribution/Share-Alike License
- n. A tax levied on the profit made from selling any "capital" (i.e. non-inventory) asset.
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- n. a tax on capital gains
Sorry, no etymologies found.
Over 50 once-automatic deductions have been eliminated or curtailed, and the elimination of income averaging and especially the favorable capital gains tax rates puts a bigger tax burden on investors, retired people, and the upwardly mobile.