surtax

noun

sur·​tax ˈsər-ˌtaks How to pronounce surtax (audio)
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 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 Other elements of the plan include implementing a 1% surtax on capital gains and expanding the estate tax to capture more individuals who inherit millions of dollars. Sam Janesch, Baltimore Sun, 25 Jan. 2024 The state budget Healey signed in August specifies how $1 billion raised by the new surtax should be spent, including helping pay for universal school lunches, addressing safety concerns at the MBTA, and covering tuition for some community college students. Matt Stout, BostonGlobe.com, 7 Sep. 2023 Because of this surtax, top-bracket taxpayers typically owe 23.8% instead of 20% on their long-term gains and dividends. Laura Saunders, WSJ, 1 Mar. 2023 For them, RMDs will be nuisances that increase their income taxes, trigger higher taxes on Social Security benefits, increase the Medicare premium surtax, and cause other problems. Bob Carlson, Forbes, 25 Jan. 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 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

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.

Word History

First Known Use

1881, in the meaning defined at sense 1

Time Traveler
The first known use of surtax was in 1881

Dictionary Entries Near surtax

Cite this Entry

“Surtax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/surtax. Accessed 19 Mar. 2024.

Kids Definition

surtax

noun
sur·​tax ˈsər-ˌtaks How to pronounce surtax (audio)
: an additional tax over and above a general tax

Legal Definition

surtax

noun
sur·​tax ˈsər-ˌtaks How to pronounce surtax (audio)
: an additional tax over and above a normal tax

More from Merriam-Webster on surtax

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