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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Trump has suggested cutting the corporate tax rate and has floated some income tax cuts too.Li Zhou, Vox, 6 Nov. 2024
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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
Noun
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This increase is mainly due to higher property tax expenses.Quartz Bot, Quartz, 14 Nov. 2024
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This would push more property tax bills in the area above $10,000 per year, with owners often passing the cost onto their tenants.Marc Joffe, The Mercury News, 14 Nov. 2024
Noun
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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
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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
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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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Income from discontinued operations, net of tax, was $66,000, resulting from a reduction in the accrual for sales tax.Quartz Bot, Quartz, 19 Nov. 2024
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After adding in the state and local sales tax, plus the DMV and dealers fees, the out the door and in your garage total purchase price came to: $177,581.Tony Leopardo, The Mercury News, 10 Nov. 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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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
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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
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 24 Nov. 2024.
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