Surtax: What It Means, How It Works, Examples - Investopedia
Mar 31, 2021 · What Is a Surtax? A surtax is a tax levied on top of another tax. The tax can be calculated as a percentage of a certain given amount, or it can be a flat dollar charge.
Surtax | TaxEDU Glossary - Tax Foundation
A surtax is an additional tax levied on top of an already existing business or individual tax and can have a flat or progressive rate structure. Surtaxes are typically enacted to fund a specific program or initiative, whereas revenue from broader-based taxes, like the individual income tax , typically cover a multitude of programs and services.
Surtax Definition & Examples - Quickonomics
Sep 8, 2024 · While a regular tax is a charge on income, property, or transactions, a surtax is an additional tax levied on the amount already subjected to a regular tax. Essentially, a surtax acts as a tax on a tax, used to generate additional revenue from existing tax liabilities.
Surtax Definition & Meaning - Merriam-Webster
The meaning of SURTAX is an extra tax or charge.
Surtax (Meaning, Examples) | How Does Surtax Rate Work?
Surtax is an extra amount of tax that is charged upon the already existing income tax to fund a specific program of the government, and this can be a percentage of a certain amount or a flat dollar rate that individuals are bound to pay.
Surtax Explained: Understanding Its Impact on Taxes & Income
A surtax is a government-imposed supplementary tax that is levied on taxpayers in addition to another tax. When the government needs to generate money for a particular programme, such a health or military project, a surtax is typically levied.
SURTAX | definition in the Cambridge English Dictionary
SURTAX meaning: 1. an extra tax that is paid by people who earn more than a particular large amount, or an extra…. Learn more.
Surtax: Understanding, Examples, and Implications - SuperMoney
Mar 28, 2024 · A surtax, also known as a tax surcharge, is a supplementary tax imposed by a government on taxpayers in addition to another tax. Unlike regular income taxes or sales taxes, which fund a variety of programs, a surtax is typically earmarked for a specific government initiative or program.
surtax - Meaning in Law and Legal Documents, Examples and FAQs
A surtax is an additional tax that is added on top of an existing tax. It usually applies to higher income levels or specific situations, meaning that if you earn above a certain amount, you may have to pay this extra tax.
surtax definition · LSData
A surtax is a type of tax that is added on top of an existing tax. It is an additional charge imposed by the government on persons, entities, transactions, or property to yield public revenue.
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