1. surtax - Noun
2. surtax - Verb
An additional or extra tax.
To impose an additional tax on.
Source: Webster's dictionarysurtax luxury items that cost more than $1,000 Source: Internet
A new income-based premium surtax schema has been in effect since 2007, wherein Part B premiums are higher for beneficiaries with incomes exceeding $85,000 for individuals or $170,000 for married couples. Source: Internet
Any earnings you make above $200,000 will be subject to a 0.9% Medicare surtax, not matched by your employer. Source: Internet
Finance Minister Jim Flaherty introduced legislation that exempts the farmers from a manufacturers' surtax that provides the federal government with $500,000 in revenue. Source: Internet
If you sell a property that’s not a single-family property there is an additional surtax of $.45 per $100. Source: Internet
Those same high-income households may also have to pay a 3.8% Medicare surtax of their capital gains and dividends, another measure intended to help pay for health reform. Source: Internet