surtax

noun sur·tax \ ˈsər-ˌtaks \

Updated on: 22 Apr 2018

Definition of surtax

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

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Recent Examples of surtax from the Web

Normally, the proceeds from the sale of those assets would be taxed as a capital gain, at a maximum federal rate of 20 percent plus a 3.8 percent surtax.

— jim tankersley, The Seattle Times, "Tax overhaul offers investors a deal to revitalize struggling corners of America," 3 Feb. 2018
Normally, the proceeds from the sale of those assets would be taxed as a capital gain, at a maximum federal rate of 20 percent plus a 3.8 percent surtax.

— jim tankersley, The Seattle Times, "Tax overhaul offers investors a deal to revitalize struggling corners of America," 3 Feb. 2018
Put a surtax on our hospitals for non-Philadelphians.

— john baer, Philly.com, "He's Philly's longest-serving member of the Pa. House Irish-American Caucus," 16 Mar. 2018
Normally, the proceeds from the sale of those assets would be taxed as a capital gain, at a maximum federal rate of 20 percent plus a 3.8 percent surtax.

— jim tankersley, The Seattle Times, "Tax overhaul offers investors a deal to revitalize struggling corners of America," 3 Feb. 2018
As part of the budget proposal, Mr. Jaitley said the government would levy a surtax that would raise about $1.7 billion a year specifically for health care programs.

— New York Times, "India Wants to Give Half a Billion People Free Health Care," 1 Feb. 2018
Normally, the proceeds from the sale of those assets would be taxed as a capital gain, at a maximum federal rate of 20 percent plus a 3.8 percent surtax.

— jim tankersley, New York Times, "Tucked Into the Tax Bill, a Plan to Help Distressed America," 29 Jan. 2018
The new repeal bill would keep levies on top earners -- a 3.8 percent tax on net investment income and a 0.9 percent Medicare surtax for individuals earning more than $200,000 or couples above $250,000.

— sahil kapur, Bloomberg.com, "Last-Ditch Repeal Plan Would Keep Obamacare’s Biggest Taxes," 19 Sep. 2017
High earners are also subject to an additional 3.8% net investment income surtax, regardless of whether their dividends are qualified or not.

— matthew frankel, USA TODAY, "Ask a Fool: How are my dividends taxed?," 19 Oct. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'surtax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of surtax

1881

SURTAX Defined for English Language Learners

surtax

noun

Definition of surtax for English Language Learners

: a tax that is charged on income which is more than a certain amount and that is charged in addition to the normal income tax

Law Dictionary

surtax

noun sur·tax \ ˈsər-ˌtaks \

legal Definition of surtax

: an additional tax over and above a normal tax

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surtax

Definition of surtax

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First Known Use of surtax

SURTAX Defined for English Language Learners

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Definition of surtax for English Language Learners

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surtax

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