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Glite Dictionary
supertax

supertax

8.1
An extra tax on income above a certain level
  • noun
  • /ˈsuːpərˌtæks/
  • Specialized
translation icon : supertasa
  • After paying the regular income tax, he was surprised to receive a bill for the supertax.

Examples

  • Controversy grew when politicians proposed introducing a new supertax on luxury goods.

  • The government introduced a new supertax on high earners.

  • The government decided to impose a supertax on high earners to increase public funds.

  • Many citizens are unhappy about the supertax increase.

  • The new legislation includes a supertax for individuals who earn above a million dollars per year.

  • Many wealthy citizens are expressing concern about the proposed supertax on large incomes.

  • The financial report highlighted how the supertax will affect high earners in the coming tax year.

Synonyms

surtax
vssupertax
  • Formal
7 7.5

An extra tax on income or sales that are already taxed

is focused on extra tax above a set income threshold

Antonyms

tax cut
599 3.2

A government decision to reduce the taxes people have to pay

Surface Forms

supertax singular
supertaxes plural

Morphology

supertax = tax (transparent) = super + tax

The term 'supertax' is a clear combination of 'super' meaning 'above' or 'additional' and 'tax', indicating an additional tax.

Etymology

Supertax comes from the prefix super- meaning 'above', as in supermarket, and the word tax, so it is a tax put 'on top' of another tax. That's why a supertax is an extra charge often applied to high incomes or luxury items.