as in income tax
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Recent Examples of withholding tax
Later in the day, the governor’s office announced a discrepancy in the budget numbers occurred because a state payroll withholding tax of nearly $2 million was tagged for fiscal year 2021 when it should have been tagged for fiscal year 2020, which caused an inflation in prospective money for 2020.
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Tyler Arnold, Washington Examiner, 2 July 2020
When a studio pays an actor $1 million, it’s required to deduct a 25 percent withholding tax.
—Mike Barnes, The Hollywood Reporter, 15 Aug. 2022
Regardless of which option the player takes, the IRS enforces a minimum 24% federal withholding tax on lottery winnings.
—George Petras, USA TODAY, 10 Jan. 2023
In several states, including North Carolina, Ohio, and New York, public university systems refer patients to other state agencies for legal action or withholding tax refunds.
—Noam N. Levey, Anchorage Daily News, 27 Dec. 2022
See all Example Sentences for withholding tax 
Tyler Arnold, Washington Examiner, 2 July 2020
When a studio pays an actor $1 million, it’s required to deduct a 25 percent withholding tax.
—Mike Barnes, The Hollywood Reporter, 15 Aug. 2022
Regardless of which option the player takes, the IRS enforces a minimum 24% federal withholding tax on lottery winnings.
—George Petras, USA TODAY, 10 Jan. 2023
In several states, including North Carolina, Ohio, and New York, public university systems refer patients to other state agencies for legal action or withholding tax refunds.
—Noam N. Levey, Anchorage Daily News, 27 Dec. 2022
See all Example Sentences for withholding tax
Recent Examples of Synonyms for withholding tax
Noun
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In the resulting chaos, states have scrambled to fill the gap with regard to state income tax.Robert W. Wood, Forbes, 5 Dec. 2024
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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
Noun
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Despite a last-minute plea from St. Paul Mayor Melvin Carter and a wide-ranging assembly of city partners, the St. Paul City Council voted 4-2 on Wednesday to reject the mayor’s final budget proposal, which called for a 6.9% property tax levy increase.Frederick Melo, Twin Cities, 11 Dec. 2024
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The City of Brookfield has never held a property tax levy referendum, according to Scott.Bridget Fogarty, Journal Sentinel, 5 Dec. 2024
Noun
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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
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Academics argue that while the government needs to find ways to raise money, that could come from taxing excess profits rather than a single tax that applies to all employers, big and small.Prarthana Prakash, Fortune Europe, 26 Nov. 2024
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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Inflation does increase sales tax revenue, something most states experienced in the past few years, and New York especially should be using this extra revenue as an opportunity to reform rather than giving it away as a one-time benefit.The Editors, National Review, 12 Dec. 2024
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The street redesign is projected to boost the area’s property and sales tax revenue in a key corridor for the city, according to a release.Josephine Stratman, New York Daily News, 9 Dec. 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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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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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
Thesaurus Entries Near withholding tax
Cite this Entry
“Withholding tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/withholding%20tax. Accessed 22 Dec. 2024.
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