income tax

noun

: a tax on the net income of an individual or a business

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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
This raises the possibility that Florida’s lack of a state income tax is not the only—or possibly not even the primary—reason for high-income people to move there. Laura Clawson, JSTOR Daily, 7 Mar. 2025 The Legislature responded by proposing more than four times that amount this session across three bills, including the income tax cut. Carolyn Komatsoulis, Idaho Statesman, 6 Mar. 2025 Over time, these moves could lead to lower income tax rates and a more sustainable economic future. Emil Sayegh, Forbes, 5 Mar. 2025 Before the federal income tax was established in 1913, tariffs were a major revenue source for the government. Paul Wiseman, Chicago Tribune, 4 Mar. 2025 See All Example Sentences for income tax

Word History

First Known Use

1799, in the meaning defined above

Time Traveler
The first known use of income tax was in 1799

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 13 Mar. 2025.

Kids Definition

income tax

noun
ˈin-(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
Last Updated: - Updated example sentences
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