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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
To be sure, many drivers do not claim the mileage deduction on their federal income tax returns.
—Susan Tompor, USA TODAY, 21 Dec. 2024
The bill introduced by Blessing and Smith would also have provided free breakfast and lunch in schools and increased the share of state income tax revenue going to the Local Government Fund and the Public Library Fund from 1.7% to 2%.
—J.d. Davidson | The Center Square, Washington Examiner - Political News and Conservative Analysis About Congress, the President, and the Federal Government, 20 Dec. 2024
Texas has several benefits attracting people that California doesn't offer: the state has no income tax, it's cut off from the Western Interconnection electric system and has been building more new homes, whereas the Golden State is still going through a homelessness crisis and a housing shortage.
—Gord Magill, Newsweek, 20 Dec. 2024
The company recognized income tax benefits of $2.6 million for fiscal 2024, compared to $7.2 million in fiscal 2023.
—Quartz Bot, Quartz, 19 Dec. 2024
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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 25 Dec. 2024.
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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