Word: shylockian
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Dates: during 1970-1979
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BRITAIN. Though unearned income is taxed at Shylockian rates of up to 98%, capital gains were not taxed at all in Britain until 1962. Now almost all profits from the sale of personal goods, property or stock are subject to a levy of 30%. Among the few exemptions from taxation are profits from the sale of a principal residence, automobiles and personal possessions sold for less than...
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