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Surtax |
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An additional charge on an item that is already taxed. A surtax is a tax on a tax. For example, if a person pays one hundred dollars of tax on one thousand dollars of income, a 5 percent surtax would amount to an additional five dollars. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Corporate Income Tax Rate Reductions, Elimination of the Surtax and Large Corporation Tax. While American politicians debated gas prices, a German newspaper complained about new taxes proposed by the government: a higher sales tax, a health-care tax, and a surtax on the wealthy. For example, Proposition 63 would impose a 1 percent surtax on millionaires to fund mental health programs. |
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