supertax


Also found in: Thesaurus, Legal, Financial, Encyclopedia, Wikipedia.

supertax

(ˈsuːpəˌtæks)
n
(Economics) a tax levied in addition to the basic tax, esp a graduated surtax on incomes above a certain level

su•per•tax

(ˈsu pərˌtæks)

n.
1. Chiefly Brit. a tax in addition to a normal tax.
2. a surtax.
[1905–10]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.supertax - an additional tax on certain kinds of income that has already been taxed
income tax - a personal tax levied on annual income
Translations

supertax

[ˈsuːpətæks] Nsobretasa f, sobreimpuesto m

supertax

nHöchststeuer f

supertax

[ˈsuːpəˌtæks] nsoprattassa
Mentioned in ?
References in periodicals archive ?
After leaving office, then-chancellor Alistair Darling admitted that the socalled supertax on bankers' bonuses had failed.
1909: In a revolutionary Budget, Chancellor David Lloyd George introduced a "supertax" of sixpence in the pound for anyone earning more than PS5,000 a year, to pay for pensions and re-armament.
1909: In a revolutionary Budget, Chancellor David Lloyd George introduced a "supertax"of sixpence in the pound for anyone earning more than PS5,000 a year, to pay for pensions and re-armament.
Dennis Taylor APRIL 29 1909: In a revolutionary Budget, Chancellor David Lloyd George introduced a "supertax" of sixpence in the pound for anyone earning more than PS5,000 a year, to pay for pensions and re-armament.
The banking sector remained under pressure due to the supertax clause in the economic reforms package.
you should pay a supertax If you earn PS15,000 a year, I don't think you should have to pay any tax at all.
| 1909: Chancellor David Lloyd George introduced a "supertax" of sixpence in the pound for anyone earning more than PS5,000 a year, to pay for pensions and re-armament.
When France's socialist president Francois Hollande tried a 75 per cent supertax on millionaires, Gerard Depardieu left the country and footballers threatened to go on strike.
CHANCELLOR David Lloyd George introduced a "supertax" of sixpence in the pound for anyone earning more than PS5,000 a year as part of his revolutionary in his 'People's Budget' to pay for pensions and re-armament.
Hollande's socialist government came into power in 2012 promising a 75 percent "supertax" on top earners, but finally dropped the plan in 2015.
Example 4: Assume the same facts as Example 3 and that C used SuperTax software to prepare the return.