surtax in a sentence
n.
Definition
Surtax: an additional tax imposed on a particular group, typically applied to higher income earners, to raise extra revenue for specific purposes.
Sample Sentences
- The government announced a surtax on high-income earners to fund public education initiatives.
- Many taxpayers were surprised to learn that they would be subject to a surtax due to the new fiscal policy.
- After reviewing the budget, the council decided that a surtax was necessary to address the city's growing infrastructure needs.
- Critics of the surtax argue that it may discourage investment and economic growth in the region.
- The proposal for a surtax sparked a heated debate among legislators about fair taxation and revenue generation.
- The government has proposed a surtax on high earners to fund social programs.
- Many taxpayers were outraged by the unexpected surtax included in their annual returns.
- A surtax can significantly impact the financial planning of wealthy individuals and businesses.
- During the economic crisis, the introduction of a surtax was met with mixed reactions from the public.
- Experts argue that a surtax on luxury goods could help address income inequality in society.
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