surtax
Levy on levy
A surtax is an additional tax imposed on top of an existing tax, typically levied on income above a certain threshold: The proposed surtax on millionaires would fund infrastructure.
Governments use surtaxes to raise revenue for specific purposes or to increase progressivity in the tax system.
Business income total
- treasuryStored organizational funds
- budgetPlan for spending
- assessmentFormal evaluation of worth
- collectionGathered set of items
Legal or financial obligation
- encumbranceHindrance or legal claim
- obligationRequired task or commitment
- strainExcessive stretching force
- pressureForce upon contact
Beyond the existing amount
- supplementaryServing to complete
- incrementalProceeding by small additions
- excessSurplus beyond need
- add-onOptional supplementary component
Abundance of money
- millionairePerson possessing great wealth
- billionairePerson worth ten figures
- estateProperty and grounds
- inheritanceProperty received from ancestors
capital · dividends · investments · assets · luxury · wealthy · plutocrat · prosperity
Official enactment of statutes
- regulationOfficial rules governing conduct
- complianceAdhering to requirements
- lawmakingCrafting enforceable rules
- loopholesExploitable ambiguities in rules
exemptions · deductions · redistribution · progressivity · austerity
revenue
Business income total
- treasuryStored organizational funds
- budgetPlan for spending
- assessmentFormal evaluation of worth
collection · tariff · excise · customs · exchequer · IRS · audit
liability
Legal or financial obligation
- encumbranceHindrance or legal claim
- obligationRequired task or commitment
- strainExcessive stretching force
pressure · onus · imposition · hardship · exaction · toll · penalty
additional
Beyond the existing amount
- supplementaryServing to complete
- incrementalProceeding by small additions
- excessSurplus beyond need
affluence
Abundance of money
- millionairePerson possessing great wealth
- billionairePerson worth ten figures
- estateProperty and grounds
inheritance · capital · dividends · investments · assets · luxury · wealthy · plutocrat · prosperity · rich
legislation
Official enactment of statutes
- regulationOfficial rules governing conduct
- complianceAdhering to requirements
- lawmakingCrafting enforceable rules
loopholes · exemptions · deductions · redistribution · progressivity · austerity
- taxeswithholding, VAT, GST, customs duty, FICA
- US TaxationIRS, withholding, deductions, income brackets, AMT
- income taxdeductions, IRS, Form 1040, withholding, refund
- taxationVAT, withholding, deductions, deduction, taxpayers
- paycheck deductionswithholding, health premium, FICA, 401k, garnishment
- luxury taxesluxury cars, private jets, yachts, furs, cigars
surtaxtax credit
Direct reduction of liability
tax rebate · tax relief · tax cut · tax exemption · tax deduction