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 law sets income tax rates at 5.2% and 5.58% with the dividing line between the brackets at $23,000 annual income.
—
Jonathan Shorman, Kansas City Star, 21 June 2024
If an investor owns $50 million worth of stock, a tax that seeks to collect a percentage of that wealth would qualify as a direct tax, while a tax on, say, the dividends produced by that stock would be an indirect income tax.
—Ian Millhiser, Vox, 20 June 2024
The United Arab Emirates continues to snatch millionaires from other countries, enticing them with ultra-attractive traits like golden visas, zero income tax, and a focus on flashy luxury.
—Sydney Lake, Fortune Europe, 18 June 2024
Starmer and his finance spokesperson Rachel Reeves, who previously worked at the Bank of England, have promised not to increase income tax or sales tax — and to stick with fiscal rules adopted by Sunak’s government.
—Mark Thompson, CNN, 18 June 2024
See all Example Sentences for income tax 
Jonathan Shorman, Kansas City Star, 21 June 2024
If an investor owns $50 million worth of stock, a tax that seeks to collect a percentage of that wealth would qualify as a direct tax, while a tax on, say, the dividends produced by that stock would be an indirect income tax.
—Ian Millhiser, Vox, 20 June 2024
The United Arab Emirates continues to snatch millionaires from other countries, enticing them with ultra-attractive traits like golden visas, zero income tax, and a focus on flashy luxury.
—Sydney Lake, Fortune Europe, 18 June 2024
Starmer and his finance spokesperson Rachel Reeves, who previously worked at the Bank of England, have promised not to increase income tax or sales tax — and to stick with fiscal rules adopted by Sunak’s government.
—Mark Thompson, CNN, 18 June 2024
See all Example Sentences for income tax
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'income tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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Cite this Entry
“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 4 Jul. 2024.
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