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
1Words Nearby surtax
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use surtax in a sentence
The bill would impose a new surtax on millionaires, for example, along with new minimums on companies that under current law pay nothing in income tax to the government — even in years when those firms profit handsomely.
House passes roughly $2 trillion spending package that would expand social benefits and fight climate change | Tony Romm | November 19, 2021 | Washington PostThe Medicare surtax is collected efficiently and automatically.
Regardless, the Affordable Care Act (a.k.a. Obamacare) will impose a dividend surtax of 3.8 percent on the highest earners.
Fiscal Cliff Spurs Record Special Dividend Payouts | Matthew Zeitlin | December 31, 2012 | THE DAILY BEASTWhen the Affordable Care Act is fully implemented, the top rate will rise past 40%, including the new health care surtax.
Because the Democrats want to pay for it with a small surtax on the very top earners.
Michael Tomasky: GOP Is Set to Self-Destruct Over Payroll Tax | Michael Tomasky | November 29, 2011 | THE DAILY BEAST
The Democrats want to pay for it with a 3.5 percent surtax on dollars earned over $1 million per year.
Michael Tomasky: GOP Is Set to Self-Destruct Over Payroll Tax | Michael Tomasky | November 29, 2011 | THE DAILY BEASTSince April 1905 a surtax of 7% has been imposed on all goods of other than French origin.
In addition, a surtax of five francs gold per bag (961⁄4 cents) was placed on every bag exported to pay carrying charges.
All About Coffee | William H. UkersThe Government asked for power to increase the existing surtax to 20 per cent, if needed.
The Annual Register 1914 | AnonymousWhat we call the normal income tax is the ordinary tax; what we call the surtax is the supertax.
The American Language | Henry L. MenckenRich people, since the income tax, are officially those who pay the tax but not the surtax.
The Unpopular Review, Volume II Number 3 | Various
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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