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
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
Illinois In Illinois, voters will consider a proposal to create a 3% surtax on income over $1 million.
—Kelly Phillips Erb, Forbes, 29 Oct. 2024
Walz accomplished his tax cuts for families and seniors by limiting the amount of standard or itemized deductions that high-income filers could claim, as well as reducing a deduction for dividend income and creating a surtax on capital gains income, the Tax Policy Center notes.
—Aimee Picchi, CBS News, 30 Sep. 2024
One of the fights was over a 1% surtax that applies to passive investment income in excess of $1 million.
—Brian Schwartz, CNBC, 13 Aug. 2024
See all Example Sentences for surtax 
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Thomas G. Moukawsher, Newsweek, 5 Nov. 2024
Illinois In Illinois, voters will consider a proposal to create a 3% surtax on income over $1 million.
—Kelly Phillips Erb, Forbes, 29 Oct. 2024
Walz accomplished his tax cuts for families and seniors by limiting the amount of standard or itemized deductions that high-income filers could claim, as well as reducing a deduction for dividend income and creating a surtax on capital gains income, the Tax Policy Center notes.
—Aimee Picchi, CBS News, 30 Sep. 2024
One of the fights was over a 1% surtax that applies to passive investment income in excess of $1 million.
—Brian Schwartz, CNBC, 13 Aug. 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 17 Nov. 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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