Surtax

What Does Surtax Mean?
An additional tax on income paid by an individual or corporation.

Investopedia explains Surtax
For example, during the Vietnam War U.S. Congress levied a surtax on income to finance the war effort. This added to the animosity towards the war.

Related Terms

Corporate Tax
Direct Tax
Income Tax
Indirect Tax
Self-Employment Tax
Surcharge
More Related Terms

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