income tax

Examples of income tax in a Sentence

These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Recent Examples on the Web Adding a 3% income tax surcharge to net income over $1 million in Illinois could yield $4.5 billion in tax revenue, according to a preliminary calculation from the Illinois Department of Revenue. Olivia Olander, Chicago Tribune, 16 Oct. 2024 Trump, meanwhile, has floated eliminating the income tax on Social Security benefits altogether. Nerdwallet, The Mercury News, 15 Oct. 2024 New Yorkers shouldn’t mind if Texans impose no income tax, allow people to drive 75 miles an hour down the highways or regulate how cattle are bred. Stephen Moore, Orange County Register, 6 Oct. 2024 For married couples filing jointly, the standard deduction was $27,700 on 2023 federal income tax returns. Susan Tompor, Detroit Free Press, 10 Oct. 2024 See all Example Sentences for income tax 
Recent Examples of Synonyms for income tax
Noun
  • 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
  • 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
  • So, why are 44% of applicants being rejected trying to transfer the low property tax rates?
    Jeff Lazerson, Orange County Register, 25 Oct. 2024
  • In addition, West Virginia is phasing out taxation on Social Security income, offers property tax homestead exemptions to eligible residents 65 or older, and has low effective property tax rates.
    Ashley Cusick, Southern Living, 23 Oct. 2024
Noun
  • 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
  • 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
  • On Thursday night, a divided South Bay Cities Council of Government, a joint power authority of 16 cities that doles out money from Measure R and Measure M, two local half-cent sales tax measures for transit projects, rejected Butts’ request to cover the funding gap needed to pay for the project.
    Rachel Uranga, Los Angeles Times, 25 Oct. 2024
  • The Gilbert Town Council on Tuesday approved a sales tax increase, with one member blaming a state law barring cities from collecting taxes on rent.
    Axios Phoenix, Axios, 25 Oct. 2024
Noun
  • 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
  • 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
  • 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
  • Trump would also create tax exemptions that would reduce the revenues that fund these programs, according to studies by non-partisan groups like the Committee for a Responsible Budget.
    Ben Adler, USA TODAY, 26 Oct. 2024
  • Such health policy changes could be advanced as part of a large tax measure in 2025, Sen. Tom Cotton (R-Ark.) told NBC News.
    Stephanie Armour | KFF Health News, ABC News, 25 Oct. 2024
Noun
  • 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
  • The county will pay about $138 million, using bed tax, sin tax and general fund dollars.
    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 5 Nov. 2024.

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