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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
Trump has suggested cutting the corporate tax rate and has floated some income tax cuts too.
—Li Zhou, Vox, 6 Nov. 2024
Trump's plan would mostly help middle- and high-income retirees, given that low-income retirees often don't make enough to pay federal income tax on their benefits, according to tax experts.
—Aimee Picchi, CBS News, 5 Nov. 2024
One recent study finds that middle- and high-earning households move to non-income-tax states after large personal income tax hikes.
—Adam A. Millsap, Forbes, 5 Nov. 2024
Without changes from Congress, the income tax brackets will revert to 10%, 15%, 25%, 28%, 33%, 35% and 39.6% after 2025.
—Kate Dore, Cfp®, CNBC, 5 Nov. 2024
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Word History
First Known Use
1799, in the meaning defined above
Dictionary Entries Near income tax
Cite this Entry
“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 22 Nov. 2024.
Kids Definition
income tax
nounˈin-(ˌ)kəm-
: a tax on the income of a person or business
Legal Definition
income tax
noun
: a tax on the net income of an individual or a business compare excise, property tax
More from Merriam-Webster on income tax
Thesaurus: All synonyms and antonyms for income tax
Nglish: Translation of income tax for Spanish Speakers
Britannica English: Translation of income tax for Arabic Speakers
Britannica.com: Encyclopedia article about income tax
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