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Definition of Supertax
1. Noun. An additional tax on certain kinds of income that has already been taxed.
Definition of Supertax
1. n. 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 £3,000 when his total income exceeds £5,000.
Definition of Supertax
1. Noun. An additional tax on something that has already been taxed ¹
2. Noun. A higher rate of an existing tax ¹
¹ Source: wiktionary.com
Definition of Supertax
1. an additional tax [n -ES]
Lexicographical Neighbors of Supertax
Literary usage of Supertax
Below you will find example usage of this term as found in modern and/or classical literature:
1. Distributive Justice: The Right and Wrong of Our Present Distribution of Wealth by John Augustine Ryan (1916)
"A supertax on Large Holdings Every estate containing more than a maximum number
of acres, say, ten thousand, whether composed of a single tract or of ..."
2. Federal Income Tax: Including Tax on Undistributed Net Income, Capital Stock by George Edwin Holmes (1917)
"supertax. In addition to the normal tax payable under each law a ... The supertax
is graduated so as to bear more heavily as the amount of net income ..."
3. Federal Income Tax: Including Tax on Undistributed Net Income, Capital Stock by George Edwin Holmes (1917)
"supertax. In addition to the normal tax payable under each law a ... The supertax
is graduated so as to bear more heavily as the amount of net income ..."
4. War Taxation of Incomes, Excess Profits, and Luxuries in Certain Foreign by Legislative Reference Service, Library of Congress, Committee on Ways and Means, United States, House (1918)
"(4) For the purpose of the supertax only, the income of a taxpayer shall ...
And in addition thereto the following supertax: (6) Two per centum upon the ..."
5. War Taxation of Incomes, Excess Profits, and Luxuries in Certain Foreign by Legislative Reference Service, Library of Congress, Committee on Ways and Means, United States, House (1918)
"(4) For the purpose of the supertax only, the income of a taxpayer shall ...
And in addition thereto the following supertax: (6) Two per centum upon the ..."
6. National tax journal (1916)
"Dividends are subject to regular income tax and supertax in the hands of stockholders.
... No credit is allowed to stockholders for corporate supertax. ..."
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