capital gains tax
Noun
Meaning
a tax on capital gains
Source: WordNetSynonyms
Antonyms
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Examples
he avoided the capital gains tax by short selling
And when they do pay capital gains tax, it's at half the rate of income tax.
Butterfield is also set to receive just over $1 billion in cash for his Slack shares, but he’ll likely pay an estimated $390 million in state (California) and federal capital gains tax, netting him about $660 million.
If the capital gains tax rate is 25% (like Germany) and the company sells the stock, the company has $800 which is 20 percent less than before it sold the stock.
In 1986, revenue from the capital gains tax rose to over $80 billion; following restoration of the rate to 28% from 20% effective 1987, capital gains revenues declined through 1991.
Law 80 provides 100% exemption from income tax and real estate taxes for 15 years, duty-free imports for construction materials and equipment for five years, and capital gains tax exemption for five years.