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capital gains tax

Definitions

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

Etymologies

Sorry, no etymologies found.

Examples

  • 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.

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