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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
The adjusted withholding rates will boost paychecks and lower income tax for many Americans.
—Kelly Tyko, Axios, 22 Oct. 2024
So far, the Republican presidential nominee has officially proposed eliminating income tax on tips, Social Security benefits and overtime pay.
—Kristian Burt, CNBC, 22 Oct. 2024
Under her watch, the individual income tax went from a nine-bracket system with a top rate of 8.98% to one flat rate of 3.8%.
—Adam A. Millsap, Forbes, 17 Oct. 2024
An individual filer with a total income between $25,000 and $34,000 may have to pay income tax on up to 50% of those benefits, and above $34,000, up to 85% of Social Security benefits may be taxable, according to the SSA.
—Kathryn Watson, CBS News, 17 Oct. 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 5 Nov. 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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