How to Use surtax in a Sentence

surtax

noun

• Judge John Hannah hewed to the letter of the law in reviewing the surtax.
  — The Editorial Board, WSJ, 15 Mar. 2022
• Another major proposal in the bill is a surtax of up to 8% on the very wealthy.
  — Bruce Brumberg, Forbes, 9 Dec. 2021
• The surtaxes were removed for the 1984 tax year as the economy began to turn around.
  — Bill Glauber, Journal Sentinel, 23 Feb. 2023
• The repeal of the surtax would be immediate, as opposed to being phased out in the coming years.
  — Martha C. White, NBC News, 8 May 2017
• Biden may call for increasing the top capital gains tax to 39.6 percent, plus the surtax, sources told NBC News.
  — NBC News, 26 Apr. 2021
• One of the new proposals in the framework is a surtax on the wealthiest Americans.
  — Sarah Ewall-Wice, CBS News, 29 Oct. 2021
• This one would only levy a surtax on incomes—rather than the unrealized gains—of the ultra-rich.
  — Giacomo Tognini, Forbes, 29 Oct. 2021
• So yes, some one-time millionaires would be among the less than 1 percent of residents who would be subject to the surtax.
  — Globe Columnist, BostonGlobe.com, 29 Oct. 2022
• Their plan would also add a 3% surtax on income above $5 million.
  — Andrew Duehren, WSJ, 20 Oct. 2021
• The House Ways and Means Committee tax bill included a rule that would apply the surtax to that business income.
  — Andrew Duehren, WSJ, 22 Oct. 2021
• Bay State ballots in November will give voters the choice to place a 4% surtax on incomes above $1 million, bringing the top rate to 9% from 5%.
  — The Editorial Board, WSJ, 9 Oct. 2022
• In other words, once the teachers collected their surtax of 3.5%, the state would only get to take another 1%.
  — The Editorial Board, WSJ, 20 June 2021
• The first item on the agenda was the multimillionaire-surtax bill, which was expected to be introduced in the House.
  — Sheelah Kolhatkar, The New Yorker, 30 Dec. 2019
• Johnson said, noting out a 3.8% surtax on investment income that could be left in place.
  — Josh Hafner, USA TODAY, 29 June 2017
• This surtax applies only to the amount of net investment income above those thresholds.
  — Richard Rubin, WSJ, 8 Apr. 2021
• Using an insurance surtax to pay for disasters is a strategy that is already in use, in a sense.
  — Christopher Flavelle, New York Times, 16 Nov. 2022
• More recently, the stock market in 2013 seemed unfazed by a capital-gains tax increase and the addition of a surtax tied to the Affordable Care Act.
  — Michael Wursthorn, WSJ, 29 Apr. 2021
• One big difference: That bill would have set a 10 percentage point surtax on income in excess of $2 million.
  — Howard Gleckman, Forbes, 28 Oct. 2021
• The House panel's bill also includes a 3% surtax on the adjusted incomes of people making more than $5 million a year.
  — Compiled Democrat-Gazette Staff From Wire Reports, Arkansas Online, 24 Sep. 2021
• The surtax passed narrowly in a 2020 referendum that sought to raise hundreds of millions of dollars for public schools.
  — The Editorial Board, WSJ, 15 Mar. 2022
• The bill follows past attempts in Olympia to boost wildfire funding with a surtax on home insurance premiums.
  — Tim Gruver, Washington Examiner, 26 Apr. 2021
• Capital gains income would also still be subject to a 3.8 percent surtax that helps fund the Affordable Care Act.
  — New York Times, 22 Apr. 2021
• The surtax would apply equally to wages, for which the top tax rate is 37%, and investment income, including capital gains, for which taxes max out at 20% for long-term gains.
  — Tommy Beer, Forbes, 11 June 2021
• For example, the Senate, but not the House, is proposing to use $100 million of money raised from a new surtax on the state’s highest earners to supplement local road and bridge repair aid.
  — Matt Stout, BostonGlobe.com, 30 June 2023
• The proposal also would impose a 3% surtax on incomes over $5 million.
  — Michael Hiltzik, Los Angeles Times, 13 Sep. 2021
• The three major individual tax changes are: A new income surtax.
  — Ashlea Ebeling, Forbes, 28 Oct. 2021
• This surtax applies only to the amount of net investment income above those thresholds, which aren’t indexed for inflation.
  — Laura Saunders and Richard Rubin, WSJ, 11 Mar. 2022
• The state added a 4% surtax to the 5% individual income tax rate for annual income above $1 million.
  — Kelly Phillips Erb, Forbes, 22 Feb. 2023
• Healey’s budget office has estimated the state would pull in $240 million from the new surtax on annual income over $1 million, which voters passed last November.
  — Samantha J. Gross, BostonGlobe.com, 13 Sep. 2023
• As with income taxes, the Medicare premium surtax is imposed at different income levels on people with different tax filing statuses.
  — Bob Carlson, Forbes, 22 Feb. 2024

Last Updated: 3 Dec 2024