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A surplus tax is a tax imposed on individuals or corporations that exceed a certain income threshold, often targeting excess profits or wealth. Its primary aim is to redistribute wealth and address income inequality by taxing higher earnings at a higher rate. This type of tax can also be used to generate revenue for public services or social programs. Surplus taxes may vary in structure and implementation depending on the jurisdiction.

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1w ago

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What happens to the total surplus in a market when the government imposes a tax?

Total surplus decreases.


What is it called When tax revenues exceed expenditures?

Budget Surplus


What is the meaning of consumer surplus?

Consumer surplus is what the buyer is willing to pay for a product minus what the buyer actually pays and a tax raises the price the buyer actually pays.


When a government spends more than the tax revenues it receives?

Deficit A+ the government will have a surplus


What is allocable surplus?

According to Payment Of Wages Act 1965, Allocable Surplus means; In relation to an employer, being a company (other than a banking company) which has not made arrangements prescibed under Income Tax Act for the decalration an payment of dividend in accrdance with section 194 of that Act, 67% of such available surplus in an accounting year.In any other case 60% of such available surplus.


Massive tax cuts during a recession will create?

either a. a budget surplus b. a budget deficit c. a budget balance


What tax issues did President Franklin Pierce deal with?

The tariff was the only tax of any great importance at that time. Pierce did not make any effort to get the tariff reduced even though the government was running a surplus.


What is the acronym of surplus?

surplus


What is the formula for net national product?

NNP also equals total compensation of employees + net indirect tax paid on current production + operating surplus.


Were the colonist right or wrong to declare their independence?

The colonist didn't do the right thing because the English just tax them more after the whole surplus of tea.


US president to be in office when the government had a budget surplus was?

The government had a surplus during some of Hoover's years in office . There was a 12-month period during which there was a surplus under Clinton . Of course, Congress controls the budget, the President can only make suggestions but sometimes he can spend less than he was authorized to spend by Congress.


Does China have a trade surplus or a trade deficit?

surplus Quantify the surplus amount as in March 2011