supertaxes
Rich people's burden
Supertaxes are taxes levied at rates higher than standard, typically imposed on very high incomes or exceptional profits.
The term usually refers to an additional tax layer above normal rates: The government proposed supertaxes on earnings above ten million dollars.
During wartime or economic crises, supertaxes on corporate windfall profits have been common policy tools.
People worth seven figures
- billionairesPeople with vast fortunes
- oligarchsWealthy few who govern
- tycoonsPowerful business leaders
- magnatesWealthy, powerful industrialists
plutocrats · affluent · ultra-rich · estates · fortunes · inheritance · capital gains · windfall
Business income total
- budgetPlan for spending
- deficitAmount still owed
- surplusAmount exceeding requirement
- treasuryStored organizational funds
exchequer · spending · policy · austerity · stimulus · macroeconomic · GDP · inflation
Formal evaluation of worth
- impositionUnfair demand on someone
- surchargeExtra fee added
- dutyRequired moral task
- tariffTax on traded goods
excise · collection · withholding · revenue · charge · fee · toll · exaction
Hindrance or legal claim
- strainExcessive stretching force
- hardshipSuffering from difficult circumstances
- obligationRequired task or commitment
- pressureForce upon contact
weight · onus · liability · compliance · penalization · disincentive · evasion · avoidance
millionaires
People worth seven figures
- billionairesPeople with vast fortunes
- oligarchsWealthy few who govern
- tycoonsPowerful business leaders
magnates · plutocrats · affluent · ultra-rich · estates · fortunes · inheritance · capital gains · windfall · luxury
revenue
Business income total
treasury · exchequer · spending · policy · austerity · stimulus · macroeconomic · GDP · inflation · government
assessment
Formal evaluation of worth
- impositionUnfair demand on someone
- surchargeExtra fee added
- dutyRequired moral task
tariff · excise · collection · withholding · revenue · charge · fee · toll · exaction · customs
encumbrance
Hindrance or legal claim
- strainExcessive stretching force
- hardshipSuffering from difficult circumstances
- obligationRequired task or commitment
pressure · weight · onus · liability · compliance · penalization · disincentive · evasion · avoidance · loophole
supertaxestax exemptions
Legally untaxed income portions
low taxes · tax-free status · flat taxes · tax havens · tax shelters
supertaxestax breaks
Reductions in owed levies
tax relief · tax rebates · subsidies · tax credits · rebates