noun a tax imposed on top of an existing tax
verb not applicable
adjective not applicable
adverb not applicable
pronoun not applicable
preposition not applicable
conjunction not applicable
interjection not applicable
article not applicable
A surtax is an additional tax imposed on top of an existing tax. It is often used to generate extra revenue for government programs or to discourage certain behaviors.
Surtaxes may be implemented as part of fiscal policy to fund specific projects or initiatives.
Surtaxes can be used as a tool to redistribute wealth or to address income inequality within a society.
Surtaxes are commonly applied to high-income individuals or corporations to ensure they pay their fair share of taxes.
A writer may have to pay a surtax on any additional income earned from book royalties or freelance writing gigs.
Psychologists who earn income from private practice may be subject to a surtax on their earnings above a certain threshold.
Accountants may advise their clients on strategies to minimize the impact of surtaxes on their investments and income.
Lawyers who earn income from high-value cases or partnerships may need to factor in surtaxes when calculating their overall tax liability.