surtax

noun

sur·tax ˈsər-ˌtaks

: an extra tax or charge

: 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 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 Healey’s budget office estimates that the state pulled in about $240 million from the new surtax on annual income over $1 million, which voters passed last November. —

Matt Stout, BostonGlobe.com, 11 Aug. 2023 Towns also receive low-interest loans from the state, as well as subsidies under the 2018 law commonly known as the Airbnb tax, which adds a 2.75 percent surtax on overnight stays. —

Beth Treffeisen, BostonGlobe.com, 18 Aug. 2023 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 The budget lawmakers passed sought to allocate roughly $522 million for education and $477 million for transportation, including $205 million for the MBTA. Healey, an Arlington Democrat, proposed different contours for spending revenue raised by the surtax on annual income over $1 million. —

Matt Stout, BostonGlobe.com, 9 Aug. 2023 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 Senate budget proposes splitting the surtax dollars evenly between education and transportation. —

Samantha J. Gross, BostonGlobe.com, 9 May 2023 The budget increases Medicare surtaxes from 3.8% to 5% for those who make more than $400,000 a year, fortifying a fund that was projected to run out of money by 2028. —

Ty Roush, Forbes, 9 Mar. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'surtax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.