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
Recent Examples on the Web
One-percenter taxpayers are on the hook for the state's additional 4% surtax on taxable income over $1 million.
—
Mike Deehan, Axios, 9 Dec. 2024
The government levies a surtax on prosperous seniors by boosting their Medicare premiums.
—William Baldwin, Forbes, 4 Dec. 2024
That lofts all your dividends into surtax category.
—William Baldwin, Forbes, 23 Nov. 2024
The plans will see the top marginal income rate raised to 39.6 percent, from the current 37 percent, and the rate on two Medicare surtaxes increased from 3.8 percent to 5 percent for those earning more than $400,000.
—Thomas G. Moukawsher, Newsweek, 5 Nov. 2024
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Mike Deehan, Axios, 9 Dec. 2024
The government levies a surtax on prosperous seniors by boosting their Medicare premiums.
—William Baldwin, Forbes, 4 Dec. 2024
That lofts all your dividends into surtax category.
—William Baldwin, Forbes, 23 Nov. 2024
The plans will see the top marginal income rate raised to 39.6 percent, from the current 37 percent, and the rate on two Medicare surtaxes increased from 3.8 percent to 5 percent for those earning more than $400,000.
—Thomas G. Moukawsher, Newsweek, 5 Nov. 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 15 Dec. 2024.
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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