surtax
noun
sur·tax
ˈsər-ˌtaks 
1
: an extra tax or charge
2
: a graduated income tax in addition to the normal income tax imposed on the amount by which one's net income exceeds a specified sum
Examples of surtax in a Sentence
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Current Stealth Taxes include the taxation of Social Security benefits, the Medicare premium surtax, and the 3.8% net investment income tax.
—
Bob Carlson, Forbes, 18 Dec. 2024
When your income is high enough to trigger the surtax regularly, shifting some income investments to tax-exempt bonds instead of other income vehicles could both lower your MAGI and avoid or reduce the surtax.
—Bob Carlson, Forbes, 23 Dec. 2024
The statewide motor vehicle surtax of 0.03% has been collected since 2003, and applies to all retail sales, leases and transfers of motor vehicles and is used to finance transportation improvements.
—Carleen Johnson | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 15 Dec. 2024
The House budget chief pointed out to the audience that transportation is one of the business community’s main priorities — and later paraphrased former Boston Celtics coach Rick Pitino to weigh in on the business community’s complaints around the surtax and other Beacon Hill policies.
—State House News Service, Boston Herald, 24 Oct. 2024
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Bob Carlson, Forbes, 18 Dec. 2024
When your income is high enough to trigger the surtax regularly, shifting some income investments to tax-exempt bonds instead of other income vehicles could both lower your MAGI and avoid or reduce the surtax.
—Bob Carlson, Forbes, 23 Dec. 2024
The statewide motor vehicle surtax of 0.03% has been collected since 2003, and applies to all retail sales, leases and transfers of motor vehicles and is used to finance transportation improvements.
—Carleen Johnson | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 15 Dec. 2024
The House budget chief pointed out to the audience that transportation is one of the business community’s main priorities — and later paraphrased former Boston Celtics coach Rick Pitino to weigh in on the business community’s complaints around the surtax and other Beacon Hill policies.
—State House News Service, Boston Herald, 24 Oct. 2024
See all Example Sentences for surtax
Dictionary Entries Near surtax
Cite this Entry
“Surtax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/surtax. Accessed 5 Jan. 2025.
Copy CitationKids Definition
surtax
noun
sur·tax
ˈsər-ˌtaks
: an additional tax over and above a general tax
Legal Definition
surtax
noun
sur·tax
ˈsər-ˌtaks
: an additional tax over and above a normal tax
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