SURTAX

Surtax

A surtax may be a tax levied upon a tax, or a tax levied upon income. In 1929, Supertax was renamed Sur-tax. By 1934, the rate was variable from 1 shilling to 7 shillings and sixpence in the pound . It was replaced by income tax in 1973.

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surtax

Noun

  1. An additional or extra tax.


The above text is a snippet from Wiktionary: surtax
and as such is available under the Creative Commons Attribution/Share-Alike License.

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