Surtax (noun)

A tax imposed in addition to the regular tax rate, typically on high-income individuals or corporations.

Origin:

The word 'surtax' comes from the french words 'sur' meaning 'over' and 'taxe' meaning 'tax'. it has been in use in english since the late 19th century.

Examples:

1. The government introduced a surtax on luxury goods to increase revenue and reduce the budget deficit.
2. High-income individuals will be subject to a surtax on their income under the new tax plan.
3. The corporation was hit with a surtax on its profits, which resulted in a significant reduction in its net income.
4. The surtax on tobacco products was introduced as a measure to discourage smoking and improve public health.
5. The surtax on carbon emissions was designed to incentivize companies to reduce their carbon footprint and adopt more environmentally friendly practices.