surtax

Definition of Surtax in English :

1. supertax, surtax

an additional tax on certain kinds of income that has already been taxed

2. surtax

levy an extra tax on

Example Sentences:
'surtax luxury items that cost more than $1,000'

WordNet Lexical Database for English. Princeton University. 2010.

Surtax

noun

1.

a tax, usually highly progressive, levied on the amount by which a person's income exceeds a specific level

2.

an additional tax on something that has already been taxed

verb

3. (transitive)

to assess for liability to surtax; charge with an extra tax

noun

1.

an extra tax on something already taxed; esp. a graduated tax on the amount by which an income exceeds a given figure

verb transitive

2.

to levy a surtax on

n.

1. An additional tax.

2. A tax levied on corporations or individuals after net income has exceeded a certain level.

tr.v. sur·taxed, sur·tax·ing, sur·tax·es

To levy a surtax on.