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surtax

 - 6 dictionary results

sur⋅tax

  [n. sur-taks; v. sur-taks, sur-taks]
Use surtax in a Sentence
–noun
1. an additional or extra tax on something already taxed.
2. one of a graded series of additional taxes levied on incomes exceeding a certain amount.
–verb (used with object)
3. to put an additional or extra tax on; charge with a surtax.
Origin:
1880–85; sur- 1 + tax; cf. supertax, F surtaxe
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To surtax
sur·tax   (sûr'tāks')   
n.  

  1. An additional tax.

  2. A tax levied on corporations or individuals after net income has exceeded a certain level.

tr.v.   sur·taxed, sur·tax·ing, sur·tax·es
To levy a surtax on.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Cultural Dictionary

surtax

A tax added to an existing tax. To help finance the Vietnam War, for example, Congress imposed a surtax on the federal income tax.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

surtax 
"extra tax," 1881, from Fr. surtaxe, from O.Fr. sur- "over" + taxe "tax" (see tax).
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

Surtax

An additional tax on income paid by an individual or corporation.

Investopedia Commentary

For example, during the Vietnam War U.S. Congress levied a surtax on income to finance the war effort. This added to the animosity towards the war.

Related Links

Five Tips for the Tax-Smart Investor
Tax Tips For The Individual Investor

See also: Corporate Tax, Direct Tax, Income Tax, Indirect Tax, Self-Employment Tax

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Legal Dictionary

Main Entry: sur·tax
Pronunciation: 's&r-"taks
Function: noun
: an additional tax over and above a normal tax
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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