as in income tax
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Recent Examples of withholding tax
The release of $600,000 in withholding tax tied to unrepatriated earnings of its Russian subsidiary increased its tax rate, Kevin Daniels, the company’s chief accounting officer, said in a June 2 letter.
—
Mark Maurer, WSJ, 26 July 2022
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.
—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
See All Example Sentences for withholding tax
Mark Maurer, WSJ, 26 July 2022
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.
—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
See All Example Sentences for withholding tax
Recent Examples of Synonyms for withholding tax
Noun
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This raises the possibility that Florida’s lack of a state income tax is not the only—or possibly not even the primary—reason for high-income people to move there.—
Laura Clawson,
JSTOR Daily,
7 Mar. 2025
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The Legislature responded by proposing more than four times that amount this session across three bills, including the income tax cut.—
Carolyn Komatsoulis,
Idaho Statesman,
6 Mar. 2025
Noun
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Plus, Duggan proposes a 3-mill property tax cut that would lower the levy on a $100,000 home by $150.—
Annalise Frank,
Axios,
28 Feb. 2025
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The bill calls for property tax sharing if 100 or more students in a district’s boundaries attend a charter school.—
Carole Carlson,
Chicago Tribune,
28 Feb. 2025
Noun
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The payments sent back $250 to single tax filers and $375 to head-of-household filers.—
Chris McKenna,
USA TODAY,
10 Dec. 2024
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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
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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Those who are considering travel have many options other than the state that would have the highest sales tax rate in the country.—
Sun Sentinel Editorial Board,
Sun Sentinel,
2 Mar. 2025
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Chao added that the city missed out on the chance to acquire $77 millions in sales tax dollars from The Rise last year.—
Stephanie Lam,
The Mercury News,
28 Feb. 2025
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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The teams' leases stipulate the public is responsible for repair costs, but the lone funding source — the county sin tax on cigarettes and alcohol — is no longer sufficient to cover their demands.—
Sam Allard,
Axios,
5 Dec. 2024
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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
Cite this Entry
“Withholding tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/withholding%20tax. Accessed 13 Mar. 2025.
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