supertax

American  

[soo-per-taks] / ˈsu pərˌtæks /

noun

1. Chiefly British. a tax in addition to a normal tax, as one upon income above a certain amount.

2. a surtax.

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supertax British  

/ ˈsuːpəˌtæks /

noun

1. a tax levied in addition to the basic tax, esp a graduated surtax on incomes above a certain level

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Etymology

Origin of supertax

First recorded in 1905–10; super- + tax

Example Sentences

See Examples For:

supertax

At the beginning of the 1970s, UK supertax stood at 83 percent with tax on unearned income at 98 percent.

From Salon ● Sep. 5, 2023

There are particular rules pertaining to luxuries and art; there is a supertax on Russian vodka and a British carve-out for the oligarch-owned Chelsea Football Club.

From Washington Post ● Apr. 14, 2022

Mining shares are helping to push leading shares into positive territory, as they welcomed a compromise deal over the Australian government's supertax on the sector.

From The Guardian ● Jul. 2, 2010

Other mining companies have also abandoned new projects in Australia since the supertax was announced, including gold producer AngloGold and iron ore producer Fortescue Metals Group.

From The Guardian ● Jun. 3, 2010

"I don't expect you'd want to part with that face shrubbery, or have it landscaped into a Vandyke, eh?" says I. "You know they ain't wearin' the bushy kind now in supertax circles."

From Torchy, Private Sec. by F. Foster Lincoln