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Surtax

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.06 sec.

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.
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? References in periodicals archive
Corporate Income Tax Rate Reductions, Elimination of the Surtax and Large Corporation Tax.
Canadian pre-budget consultations by Tax Executive
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.
Do Americans pay enough for gas? Americans are screaming about ... by Landler, Mark / New York Times Upfront
For example, Proposition 63 would impose a 1 percent surtax on millionaires to fund mental health programs.
November vote to influence future of California finances by Fine, Howard / Los Angeles Business Journal
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