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.
Like Orlando, Miami has no estate, inheritance or income tax. Daniel De Visé, USA Today, 4 Sep. 2025 That would nevertheless break Labour's manifesto pledges to not raise income tax, national insurance for employees or VAT. Holly Ellyatt, CNBC, 3 Sep. 2025 The Yale Budget Lab found 37% of workers earning tips had incomes low enough to exempt them from paying federal income tax in 2022, meaning the tax deduction would not even be relevant. Sasha Rogelberg, Fortune, 3 Sep. 2025 The provision is a federal income tax deduction of up to $25,000, not a full exemption from all taxes. Diana Leyva, The Tennessean, 3 Sep. 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 10 Sep. 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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