Surtax (Verb)
Meaning
Levy an extra tax on; "surtax luxury items that cost more than $1,000".
Classification
Verbs of buying, selling, owning.
Examples
- The government plans to surtax all luxury cars purchased by foreigners to generate more revenue.
- A new bill aims to surtax multinational corporations to increase funding for social welfare programs.
- To combat climate change, the city has decided to surtax gasoline and diesel fuels.
- Lawmakers propose to surtax high-end real estate purchases to alleviate housing shortages for low-income families.
- The state will surtax all high-end jewelry and watches sold within its borders.