supertax Synonyms
Strongest:
Strong:
- levy
- toll
- sin-tax
- tribute
- personal-tax
- single-tax
- estate-tax
- death-tax
- withholding-tax
- custom-s-
- value-added-tax
- inheritance-tax
- hidden-tax
- capitation
- poll-tax
- tax
- sales-tax
- direct-tax
Weak:
supertax Meaning
supertax (n)
an additional tax on certain kinds of income that has already been taxed
supertax (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.
supertax Sentence Examples
- The government implemented a supertax on high-income earners to reduce wealth inequality.
- The supertax aimed to redistribute wealth and fund essential public services.
- The supertax threshold was deliberately set high to avoid burdening middle-income families.
- Some economists argued that the supertax would discourage investment and economic growth.
- The supertax faced significant resistance from wealthy individuals and corporations.
- The implementation of the supertax sparked a heated debate about the role of government in addressing wealth disparities.
- The effectiveness of the supertax in reducing inequality remains a matter of ongoing research.
- Alternative methods of taxation, such as capital gains taxes or luxury goods taxes, were considered instead of a supertax.
- Some countries adopted a modified supertax, targeting only the wealthiest individuals or specific industries.
- The supertax became a symbol of the growing divide between the rich and the poor in many societies.
FAQs About the word supertax
an additional tax on certain kinds of income that has already been taxedA tax in addition to the usual or normal tax; specif., in the United Kingdom, an income
excise,surtax, tariff, surcharge, property tax, income tax, levy, toll, sin tax, tribute
No antonyms found.
The government implemented a supertax on high-income earners to reduce wealth inequality.
The supertax aimed to redistribute wealth and fund essential public services.
The supertax threshold was deliberately set high to avoid burdening middle-income families.
Some economists argued that the supertax would discourage investment and economic growth.
