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

And in the background is the prospect of the Australian supertax on the sector, which mining companies have strenuously opposed.

From The Guardian ● Jun. 21, 2010

The firm claims the Australian supertax puts 15,000 jobs at risk.

From The Guardian ● Jun. 3, 2010

He was, indeed, strongly in favour of a graduated income tax, but, in his judgment, a supertax was a somewhat clumsy way of effecting the purpose aimed at.

From The Life of the Rt. Hon. Sir Charles W. Dilke, Volume 2 by Stephen Lucius Gwynn