supertax

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Definitions from WordNet

Noun supertax has 1 sense

surtax, supertax - an additional tax on certain kinds of income that has already been taxed
--₁ is a kind of income tax

Definitions from the Web

Supertax

Noun

A supertax refers to an additional tax imposed on individuals or entities with higher incomes or wealth, often determined by graduated tax rates.

Example Sentences:

The government introduced a supertax to bridge the income inequality gap.
Under the new legislation, individuals earning above $1 million will be subject to a 5% supertax.

Verb

When used as a verb, supertax means to levy or impose an additional tax on someone or something.

Example Sentences:

The government plans to supertax luxury goods imported from foreign countries.
Authorities are considering whether to supertax carbon emissions to combat climate change.

Adjective

If used as an adjective, supertax describes something that is characterized by having an excessive or extremely high tax rate.

Example Sentences:

The supertax burden has led to a decline in investment in the country.
They faced financial difficulties due to the supertax rates on large corporations.