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surtax
noun
sur·tax ˈsər-ˌtaks 
Example Sentences
Recent Examples on the Web This surtax is levied on single filers with incomes of $200,000 or more and $250,000 for married people filing jointly, and $125,000 for married people filing separately. 
Lori Ioannou, WSJ, 5 Sep. 2022 Here’s a comparison of a sale versus a DAF donation of her shares: † Long Term Capital gains tax @ 20% plus 3.8% Medicare surtax. Svb Contributor, Forbes, 2 May 2022 One big difference: That bill would have set a 10 percentage point surtax on income in excess of $2 million. Howard Gleckman, Forbes, 28 Oct. 2021 Last week, Wyden, who chairs the Senate Finance Committee, floated a 21% surtax on the excess profits of oil and gas companies that generate more than $1 billion in revenue. Matt Egan, CNN, 20 June 2022 The proposal, which is on the November ballot, would impose a 4 percent surtax on annual earnings above $1 million, and has drawn steep opposition from within the business community, including Hurst’s organization. Matt Stout, BostonGlobe.com, 19 June 2022 The plan would increase the top corporate tax rate to 26.5% from 21%, impose a 3-percentage-point surtax on people making over $5 million and raise capital-gains taxes—but without the changes to taxation at death sought by the Biden administration. Richard Rubin, WSJ, 13 Sep. 2021 This surtax applies only to the amount of net investment income above those thresholds, which aren’t indexed for inflation. Laura Saunders And Richard Rubin, WSJ, 11 Mar. 2022 Likewise, setting up the right retirement plan can dramatically increase your tax savings, as well as help minimize things like the 3.8% Obamacare surtax. David Rae, Forbes, 14 Mar. 2022 See More
Lori Ioannou, WSJ, 5 Sep. 2022 Here’s a comparison of a sale versus a DAF donation of her shares: † Long Term Capital gains tax @ 20% plus 3.8% Medicare surtax. Svb Contributor, Forbes, 2 May 2022 One big difference: That bill would have set a 10 percentage point surtax on income in excess of $2 million. Howard Gleckman, Forbes, 28 Oct. 2021 Last week, Wyden, who chairs the Senate Finance Committee, floated a 21% surtax on the excess profits of oil and gas companies that generate more than $1 billion in revenue. Matt Egan, CNN, 20 June 2022 The proposal, which is on the November ballot, would impose a 4 percent surtax on annual earnings above $1 million, and has drawn steep opposition from within the business community, including Hurst’s organization. Matt Stout, BostonGlobe.com, 19 June 2022 The plan would increase the top corporate tax rate to 26.5% from 21%, impose a 3-percentage-point surtax on people making over $5 million and raise capital-gains taxes—but without the changes to taxation at death sought by the Biden administration. Richard Rubin, WSJ, 13 Sep. 2021 This surtax applies only to the amount of net investment income above those thresholds, which aren’t indexed for inflation. Laura Saunders And Richard Rubin, WSJ, 11 Mar. 2022 Likewise, setting up the right retirement plan can dramatically increase your tax savings, as well as help minimize things like the 3.8% Obamacare surtax. David Rae, Forbes, 14 Mar. 2022 See More Word History
First Known Use
1881, in the meaning defined at sense 1
Time Traveler
The first known use of surtax was in 1881 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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