surtax

surtax
A tax added to the normal tax paid by corporations or individuals who have earned income above a certain level. Bloomberg Financial Dictionary

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surtax sur‧tax [ˈsɜːtæks ǁ ˈsɜːr-] noun [countable, uncountable] TAX
an additional tax paid by people or companies with a high level of income:
surtax on

• There are plans to impose a 10% surtax on incomes of more than $100,000.

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surtax UK US /ˈsɜːtæks/ US  /ˈsɝː-/ noun [U]
TAX an extra tax on income above a particular high level, or an extra tax on something that is already taxed: »

In addition, a 10% surtax applies to certain high-income taxpayers.

»

He'd prefer to see an increase to the surtax rather than the base tax rate.


Financial and business terms. 2012.

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Look at other dictionaries:

  • surtax — sur·tax / sər ˌtaks/ n: an additional tax over and above a normal tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. surtax …   Law dictionary

  • surtax — [sʉr′taks΄] n. [ SUR 1 + TAX, based on Fr surtaxe] an extra tax on something already taxed; esp. a graduated tax on the amount by which an income exceeds a given figure vt. to levy a surtax on …   English World dictionary

  • Surtax — Sur tax, n. An additional or extra tax. [1913 Webster] …   The Collaborative International Dictionary of English

  • Surtax — Sur*tax , v. t. To impose an additional tax on. [1913 Webster] …   The Collaborative International Dictionary of English

  • surtax — extra tax, 1881, from Fr. surtaxe, from O.Fr. sur over + taxe tax (see TAX (Cf. tax)) …   Etymology dictionary

  • surtax — ► NOUN ▪ an additional tax on something already taxed, especially a higher rate of tax on incomes above a certain level …   English terms dictionary

  • Surtax — A surtax, in its simplest form, is essentially a tax levied upon a tax.United StatesThe most recent example of a broadly levied surtax in the United States was one imposed to help finance the Vietnam War during the Lyndon B. Johnson… …   Wikipedia

  • Surtax — Liste des personnages d Astérix le Gaulois Voici la liste des personnages de la bande dessinée Astérix le Gaulois par René Goscinny et Albert Uderzo, classés par ordre alphabétique. Sommaire 1 Personnages du village 1.1 Abraracourcix 1.2… …   Wikipédia en Français

  • Surtax — A tax levied on top of another tax. A surtax can be calculated as a percentage of a certain amount or it can be a flat dollar amount. A surtax is generally assessed to fund a specific government program, whereas regular income or sales taxes are… …   Investment dictionary

  • surtax — n. to impose a surtax (on) * * * [ sɜːtæks] to impose a surtax (on) …   Combinatory dictionary

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