I dont believe ept is actually a word , even if inept is a word , and the best definition of the acronym EPT on the internet was 'excess profits tax' so thats what you meant right? coz it fits in well !
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True, not all backforms of words exist. Online American dictionaries may not have all defintions. However"ept" has an entry in my SOE (New Shorter Oxford English Dictionary) with the meaning of adroit, competent, appropriate, effective.
What do they say...a little bit of knowledge is a dangerous thing ;) (Edit - I mean that in relation to the online dictionaries!)
Whilst I don't like the idea of a capital gains tax, as I just don't want any more taxes...I do think that a flat income tax and flat capital gains tax, applied to all capital gains, no exemptions, will level the playing field. This must still leave room for a minimum amount of income that is not taxed at all, so that those starting out in life can get the basics sorted for themselves, rather than relying on nanny state to look after them
I have just checked the official scrabble dictionary 'scrabblewordfinder.org' , and surprisingly it's still not there. I'm not sure how 'official' the online one is - I'd never seen or used it before. I used to have the official one that listed all words that were acceptable, English or American, a compilation from all dictionaries - and I'm sure it wasn't in there - but that's going back a while. But yes, it doesn't take much to realise what is meant - so I would not argue that it is not a legitimate word; just that it is not universally accepted.