supertax
/ˈsupərˌtæks/
noun
- An additional tax on income or profits that are above a certain high level, often paid by wealthy individuals or corporations.
- Many business owners complained that the new supertax would hurt investment.
- The supertax is designed to reduce economic inequality by taxing the richest citizens more.
- The government introduced a supertax on earnings over one million dollars.
Synonyms