Capital Tax Program
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A Capital Tax Program is a government tax on taxable capital.
- AKA: Wealth Tax.
- Context:
- It can range from being a Regional Wealth Tax to being a National Capital Tax to being a Global Wealth Tax.
- It can range from being a Personal Wealth Tax to being a Corporate Wealth Tax.
- It can be muted by a Capital Tax Forgiveness Program, such as a capital tax forgiveness on new investment.
- It can be a policy tool to restrain runway Capitalism.
- …
- Example(s):
- a Property Tax.
- a Capital Gains Tax.
- …
- Counter-Example(s):
- an Income Tax.
- a Sales Tax.
- See: Progressive Tax.
References
2015
- http://www.investopedia.com/terms/c/capital-tax.asp
- A tax on a corporation's taxable capital, comprising capital stock, surpluses, indebtedness and reserves. Capital tax is applicable to capital owned by a company, not its spending. Capital taxes, in contrast to income taxes, are charged regardless of the profitability of the firm.
2014
- (Piketty, 2014) ⇒ Thomas Piketty. (2014). “Capital in the Twenty-First Century." Harvard University Press. ISBN:9780674369559
- QUOTE: A Global tax on capital is a utopian idea …