Capital Tax Program

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.

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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 …

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