supertax

[soo-per-taks]

noun

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

2. a surtax.

supertax

/ ˈsuːpəˌtæks /

noun

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

Word History and Origins

Origin of supertax¹

First recorded in 1905–10; super- + tax

Example Sentences

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

Read more on Salon

However unlikely to come about, at least for now, an income cap for America’s wealthy is hardly that much of a stretch — in 1952, a 92 percent supertax almost got us there.

Read more on New York Times

I quite like this tableau, the mystic bard shuffling sadly on to a plane, foregoing his ancient principle of opposing a supertax, as his agent prostrates himself on the ground for his lost 700 grand.

Read more on The Guardian

Earlier this decade, for instance, France’s socialist president gave up on a new 75 percent “supertax” on the very rich after it did little to close the budget deficit, according to Reuters.

Read more on Washington Post

The 75 percent “supertax” on the wealthy is gone, everyone is quick to remind me.

Read more on Washington Post