Surtax

Surtax

Surtax means:
an additional tax, based on the amount of the basic tax. Under the 1993 tax act, a 10% surtax will be added to the 36% marginal tax rate for taxable incomes above $250,000 for individuals, making the highest tax rate 39.6% (36% + 3.6% = 39.6%).

See Tax Rate and Tax Rate.


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