SUPERTAX

surtax, supertax

(noun) an additional tax on certain kinds of income that has already been taxed

Source: WordNet® 3.1


Etymology

Noun

supertax (plural supertaxes)

An additional tax on something that has already been taxed

A higher rate of an existing tax

Source: Wiktionary


Su"per*tax`, n. [Super- + tax.]

Definition: A tax in addition to the usual or normal tax; specif., in the United Kingdom, an income tax of sixpence for every pound in addition to the normal income tax of one shilling and twopence for every pound, imposed, by the Finance Act of 1909-1910 (c. 8, ss 66, 72), on the amount by which the income of any person exceeds ÂŁ3,000 when his total income exceeds ÂŁ5,000.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

25 December 2024

UNAMBIGUOUS

(adjective) having or exhibiting a single clearly defined meaning; “As a horror, apartheid...is absolutely unambiguous”- Mario Vargas Llosa


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Coffee Trivia

Coffee dates back to the 9th century. Goat herders in Ethiopia noticed their goats seem to be “dancing” after eating berries from a particular shrub. They reported it to the local monastery, and a monk made a drink out of it. The monk found out he felt energized and kept him awake at night. That’s how the first coffee drink was born.

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