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.
The move was part of an overhaul aimed at eventually phasing out the state's individual income tax altogether which also extended the state sales tax to more services. Yaakov Katz, Newsweek, 7 Feb. 2025 Residents of these remote villages rely on VITA to prepare free income tax returns. Kelly Phillips Erb, Forbes, 7 Feb. 2025 Texas doesn’t levy any individual income tax, while California has the highest rate in the U.S. Ryan Johnston, CNBC, 6 Feb. 2025 College of DuPage providing free tax filing assistance College of DuPage is offering residents free assistance in filing electronic state and federal income tax returns. Michelle Mullins, Chicago Tribune, 6 Feb. 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

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 21 Feb. 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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