income tax

Example Sentences

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Recent Examples of income tax General tax collections outside of the income tax on high earners have slowed, returning to pre-pandemic levels of growth, while spending appetites remain high — and budgetwriters are looking for creative ways to find revenue to support spending. State House News Service, Boston Herald, 26 Mar. 2025 However, the vast majority of states also levy their own income tax. Nathan Goldman, Forbes, 24 Mar. 2025 In December 2020, eligible individuals received up to $600 per income tax filer and $600 per child under the Consolidated Appropriations Act. Susan Haigh and Adriana Morga, Los Angeles Times, 22 Mar. 2025 Gains realized on investments sold within a one-year holding period are classified as short-term capital gains, which are taxed at your ordinary income tax rate. True Tamplin, Forbes, 21 Mar. 2025 See All Example Sentences for income tax
Recent Examples of Synonyms for income tax
Noun
  • However, under the act, many people would have to pay to get copies of their documents, which could result in a pay-to-vote situation akin to a poll tax.
    William Lambers, Newsweek, 7 Mar. 2025
  • 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
Noun
  • Smith said the decline led to a $25-million annual loss in property tax revenue, and that loss will compound over the next few years.
    Jack Flemming, Los Angeles Times, 4 Apr. 2025
  • The new apartments will be built in an area already designated as a TIF district, which means the developers can get access to some of the money from excess property tax revenue as the area increases in value to help with redevelopment costs.
    Taylor O’Connor, Kansas City Star, 3 Apr. 2025
Noun
  • The payments sent back $250 to single tax filers and $375 to head-of-household filers.
    Chris McKenna, USA TODAY, 10 Dec. 2024
  • This strategy, involves clustering donations in a single tax year to surpass the standard deduction and make itemizing worthwhile.
    James Brewer, Forbes, 26 Nov. 2024
Noun
  • Sun Sentinel Florida House Speaker proposes historic, permanent state sales tax cut The change would need approval from the full Legislature and the governor.
    South Florida Sun Sentinel, Sun Sentinel, 27 Mar. 2025
  • The sales tax proposal is a bold, ambitious goal that matches Gov. Ron DeSantis’ recent suggestion to cut property taxes.
    Jeffrey Schweers, The Orlando Sentinel, 26 Mar. 2025
Noun
  • Under an amendment to the federal law effective Jan. 3, the social security withholding tax of 5.85 percent is being levied against the first $13,200 of salaries and wages.
    Bernice Hoffman, Twin Cities, 7 Feb. 2025
  • 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
Noun
  • 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
  • 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
  • He's tasked with carrying out the other part of the president's economic agenda, sweeping tax cuts.
    CBS News, CBS News, 6 Apr. 2025
  • The White House projects the plan will bring in over $1 trillion in new tariff revenue annually, which Trump has said will be used to fund tax cuts.
    John W. Dean, MSNBC Newsweek, 6 Apr. 2025
Noun
  • The teams' leases stipulate the public is responsible for repair costs, but the lone funding source — the county sin tax on cigarettes and alcohol — is no longer sufficient to cover their demands.
    Sam Allard, Axios, 5 Dec. 2024
  • Signal Cleveland reports Council President Blaine Griffin and County Executive Chris Ronayne are in talks to raise the sin tax, which would require a change to state law.
    Sam Allard, Axios, 5 Dec. 2024

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Cite this Entry

“Income tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/income%20tax. Accessed 10 Apr. 2025.

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