(law) An additional or extra tax.
surtax
Definitions, parts of speech, synonyms, and sentence examples for surtax.
Editorial note
That, the Obamacare 3.8% investment surtax, &c., and the situation is reasonably painful for a whole lot of people.
Quick take
(law) An additional or extra tax.
Meaning at a glance
The clearest senses and uses of surtax gathered in one view.
(transitive) To impose a surtax upon.
Definitions
Core meanings and parts of speech for surtax.
noun
(law) An additional or extra tax.
verb
(transitive) To impose a surtax upon.
Example sentences
That, the Obamacare 3.8% investment surtax, &c., and the situation is reasonably painful for a whole lot of people.
Tariffs can be applied in other ways too, such as a surtax (tax on top of another tax).
There should be a surtax for property that is not actively utilized the majority of any year.
A deduction or credit or surtax is added to encourage or discourage something and it works for a short while.
Murray believes that his surtax scheme would incentivize work after someone began earning over $25,000.
California should do something similar to what Massachusetts did & implement a state income surtax of 5% for those making over $2M/yr.
For example, MA instituted a 4% surtax on all incomes over $1M and...
Recall that Trump initially threatened a 25% surtax on each of them.
We could for example have a 100% surtax on building a superyacht or buying an island in Hawaii or any political donations above $50,000.
There's also a 10% surtax at all income levels.
* Ontario has had a surtax for decades instead of rolling it into the marginal rates.
Proposition 30 was proposed and raised sales tax for 4 years, and income tax for 7, via the creation of the 10.3-12.3 brackets; a 1M 1% surtax already existed.
Quote examples
The long-distance phone tax was instituted during the Spanish American War 110 years ago as a surtax on "luxury" good.
"capital-gains surtax" In the United States we have "long-term gains" which are taxed preferentially at much lower rates.
So if Korea has a 35% top bracket, witha 10% surtax, that starts around $85,000 USD, I'm not seeing how that's "overall very light when compared to the States".
It probably comes from the same mindset that says "let's pay for a lot of (programme) with a high surtax on hotel rooms because that pretty much only impacts external tourists who aren't going to vote us out over it."
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use surtax in a sentence?
That, the Obamacare 3.8% investment surtax, &c., and the situation is reasonably painful for a whole lot of people.
What does surtax mean?
(law) An additional or extra tax.
What part of speech is surtax?
surtax is commonly used as noun, verb.