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Bookmark or Share- Surtax | TaxEDU Glossary - Tax FoundationA 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 (Meaning, Examples) | How Does Surtax Rate Work? - WallStreetMojoSurtax 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 Definition & Meaning - Merriam-WebsterThe meaning of SURTAX is an extra tax or charge.
- Surtax Definition & Examples - QuickonomicsWhile 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: What It Means, How It Works, Examples - InvestopediaWhat 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.
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