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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
Catch up quick: Cox signed a law earlier this year slashing the state income tax rate from 4.65% to 4.55%.
Democrats and education advocates criticized the cut, arguing those funds should be spent on public schools and social services.
—Kim Bojórquez, Axios, 5 Dec. 2024
In the resulting chaos, states have scrambled to fill the gap with regard to state income tax.
—Robert W. Wood, Forbes, 5 Dec. 2024
Individual tax rates are set to tick up Several marginal income tax rates are set to increase in 2026 in what would be the most noticeable single aspect of the TCJA expirations.
—Tobias Burns, The Hill, 4 Dec. 2024
At the time of Grint's payment, the top income tax rate was 50 percent.
—Thomas G. Moukawsher, Newsweek, 29 Nov. 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 22 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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