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
Future of condo loan program Funding for the loans comes from the county surtax.
—
Rebecca San Juan, Miami Herald, 3 Jan. 2025
Massachusetts collected about $1.8 billion from the new levy through the first nine months of fiscal year 2024, more than $800 million more than the surtax spending Beacon Hill built into the annual state budget.
—State House News Service, Boston Herald, 23 June 2024
The fiscal 2025 budget is supported by $1.3 billion in revenue generated from the state’s 4 percent surtax on household income above $1 million, on top of the general state revenue foundation of $40.2 billion that lawmakers and the administration agreed to months ago.
—State House News Service, Boston Herald, 29 July 2024
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
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Rebecca San Juan, Miami Herald, 3 Jan. 2025
Massachusetts collected about $1.8 billion from the new levy through the first nine months of fiscal year 2024, more than $800 million more than the surtax spending Beacon Hill built into the annual state budget.
—State House News Service, Boston Herald, 23 June 2024
The fiscal 2025 budget is supported by $1.3 billion in revenue generated from the state’s 4 percent surtax on household income above $1 million, on top of the general state revenue foundation of $40.2 billion that lawmakers and the administration agreed to months ago.
—State House News Service, Boston Herald, 29 July 2024
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
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 28 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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