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Examples of income tax in a Sentence
Federal income tax will be deducted from your pay.
The new law will lower income taxes for most taxpayers.
Recent Examples on the Web
An accompanying state constitutional amendment would set spending growth limits on the General Assembly and direct future revenue growth toward eliminating the personal income tax and corporate income tax.
—Jonathan Shorman and, Kansas City Star, 8 Jan. 2025
South Carolina lawmakers have racked up a number of conservative policy victories in recent years (such as the enactment of income tax relief, school choice, and Certificate of Need repeal).
—Patrick Gleason, Forbes, 7 Jan. 2025
The $10,000 per federal income tax return cap on the deductions, called SALT, was imposed in 2017 as part of the sweeping overhaul of the tax code pushed by Trump.
—David Lightman, Sacramento Bee, 3 Jan. 2025
In 2023, a group of House Republicans attempted to raise sales taxes with the FairTax Act, which would have abolished the Internal Revenue Service and replaced income tax and other levies with a national sales tax.
—Clare Mulroy, USA TODAY, 3 Jan. 2025
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Word History
First Known Use
1799, in the meaning defined above
Dictionary Entries Near income tax
Cite this Entry
“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 18 Jan. 2025.
Kids Definition
income tax
nounˈin-(ˌ)kəm-
: a tax on the income of a person or business
Legal Definition
income tax
noun
: a tax on the net income of an individual or a business compare excise, property tax
More from Merriam-Webster on income tax
Thesaurus: All synonyms and antonyms for income tax
Nglish: Translation of income tax for Spanish Speakers
Britannica English: Translation of income tax for Arabic Speakers
Britannica.com: Encyclopedia article about income tax
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