surtax
an additional or extra tax on something already taxed.
one of a graded series of additional taxes levied on incomes exceeding a certain amount.
to put an additional or extra tax on; charge with a surtax.
Origin of surtax
1Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use surtax in a sentence
They have forgotten to look at deduction phaseouts, surtaxes, and the AMT, which are not taxes on marginal income.
Should People Who Make $250,000 a Year Worry About Obama's Tax Proposals? | Megan McArdle | November 20, 2012 | THE DAILY BEASTSo I've put together a handy graphic showing you what income levels trigger deduction phaseouts or surtaxes.
Should People Who Make $250,000 a Year Worry About Obama's Tax Proposals? | Megan McArdle | November 20, 2012 | THE DAILY BEASTIf the president has his way, the top income-tax rate with surtaxes will jump past 40%, a rate not seen since the middle 1980s.
Up to 1907 the customs duties were increased by surtaxes amounting at that time to 100%.
The minister of finance proposed to abolish these surtaxes and double all the rates of duties involved.
Provincial revenues are drawn from provincial property, school taxes, tolls and surtaxes on land and buildings.
The provincial surtaxes may not exceed 50% of the quotas levied by the state.
British Dictionary definitions for surtax
/ (ˈsɜːˌtæks) /
a tax, usually highly progressive, levied on the amount by which a person's income exceeds a specific level
an additional tax on something that has already been taxed
(tr) to assess for liability to surtax; charge with an extra tax
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
Cultural definitions for 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 New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
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