as in poll tax
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Recent Examples of income tax
Trump has also proposed replacing federal income tax with tariffs.
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Karissa Waddick, USA TODAY, 4 Nov. 2024
Here’s why many are more at risk of running short of money than younger colleagues
Taken together, though, that means anyone in their 50s next year can save up to $31,000 for their retirement nest egg, and those savings will not be subject to income tax in 2025.
—Jeanne Sahadi, CNN, 1 Nov. 2024
One of the similarities between the Canadian tax system and the U.S. tax system is that most income tax and benefit amounts in both countries are indexed to inflation (only a few countries adjust their income tax thresholds for inflation—out of 160 economies, 131 have no adjustment at all).
—Kelly Phillips Erb, Forbes, 2 Nov. 2024
During the quarter, Apple paid a one-time income tax charge of $10.2 billion to resolve a long-running case dating back to 2016 over how the company handled taxes in Ireland.
—Kif Leswing, CNBC, 31 Oct. 2024
See all Example Sentences for income tax 
Karissa Waddick, USA TODAY, 4 Nov. 2024
Here’s why many are more at risk of running short of money than younger colleagues
Taken together, though, that means anyone in their 50s next year can save up to $31,000 for their retirement nest egg, and those savings will not be subject to income tax in 2025.
—Jeanne Sahadi, CNN, 1 Nov. 2024
One of the similarities between the Canadian tax system and the U.S. tax system is that most income tax and benefit amounts in both countries are indexed to inflation (only a few countries adjust their income tax thresholds for inflation—out of 160 economies, 131 have no adjustment at all).
—Kelly Phillips Erb, Forbes, 2 Nov. 2024
During the quarter, Apple paid a one-time income tax charge of $10.2 billion to resolve a long-running case dating back to 2016 over how the company handled taxes in Ireland.
—Kif Leswing, CNBC, 31 Oct. 2024
See all Example Sentences for income tax
Recent Examples of Synonyms for income tax
Noun
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Prior to council tax, there was poll tax which was so wildly unpopular, people began rioting across England.Tanyel Mustafa, refinery29.com, 12 Jan. 2024
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But a Venezuelan passport costs more than $300, a price that amounts to a poll tax because few migrants can afford them.John Otis, NPR, 16 Apr. 2024
Noun
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This increase is mainly due to higher property tax expenses.Quartz Bot, Quartz, 14 Nov. 2024
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This would push more property tax bills in the area above $10,000 per year, with owners often passing the cost onto their tenants.Marc Joffe, The Mercury News, 14 Nov. 2024
Noun
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By unifying the nation under a single tax regime, GST streamlined the complex web of indirect taxes and brought about greater transparency and efficiency in the system.Pankaj Vasani, Forbes, 1 Oct. 2024
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In 2018, then-Senator Harris proposed a refundable tax credit for lower- and middle-income families, which would have provided cash payments of two hundred and fifty dollars a month for single tax filers and five hundred dollars a month for married couples.John Cassidy, The New Yorker, 29 July 2024
Noun
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Buena Park voters are supporting the city’s request to add a 1 cent sales tax to generate more local revenue by 74%.Heather McRea, Orange County Register, 6 Nov. 2024
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South Dakota lowered its general sales tax last year from 4.5 percent to 4.2 percent, and the new initiative would eliminate taxes on most food items, excluding alcohol and prepared meals.Thomas G. Moukawsher, Newsweek, 5 Nov. 2024
Noun
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Under the Foreign Account Tax Compliance Act (FATCA), Washington requires foreign financial institutions to disclose their American clients’ financial information to the U.S. Treasury and imposes a 30 percent withholding tax on certain payments to foreign financial institutions that don’t comply.Nicholas Shaxson, Foreign Affairs, 13 Feb. 2018
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Palestinian leaders say its ability to exercise effective governance has been effectively blocked by Israeli restrictions, which have included withholding tax revenues due under the Oslo accords.Ali Sawafta, The Christian Science Monitor, 26 Feb. 2024
Noun
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Lord De La Warr paid $179,255 for it (including buyer’s premium and value-added tax) after it was originally estimated to go for between $54,000 and $81,000 by Summers Place Auctions.Téa Kvetenadze, Forbes, 7 Oct. 2021
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The various Indian state governments earn a big portion of their revenue from excise and value-added tax on alcoholic drinks.Mimansa Verma, Quartz, 10 Nov. 2022
Noun
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The company maintains a tax holiday for a subsidiary in the APAC region, which contributed to a lower effective tax rate of 13.7% for the year.Quartz Bot, Quartz, 15 Nov. 2024
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Last week, bond yields surged on expectations that President-elect Donald Trump’s plans to lower tax rates, increase tariffs and reduce regulation could ultimately lead to higher U.S. government debt and inflation, along with faster economic growth.Alex Veiga, The Denver Post, 15 Nov. 2024
Noun
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Among a litany of measures, including a major change to the government’s fiscal rules, Reeves is reported to be considering a sin tax raid.Sam Meredith, CNBC, 29 Oct. 2024
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Separately, the Browns, who still have more than half of their $92 million sin tax allocation remaining, are likely to receive $3.4 million from the City of Cleveland for repairs, cleveland.com reported previously.Lucas Daprile, cleveland, 30 Aug. 2023
Thesaurus Entries Near income tax
Cite this Entry
“Income tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/income%20tax. Accessed 22 Nov. 2024.
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