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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
In 2023, the BBC’s offices in India were raided by income tax authorities, coming soon after a controversial BBC documentary titled India: The Modi Question, which was critical of the country’s President.
—Sara Merican, Deadline, 20 Jan. 2025
In Switzerland, people pay federal income tax rates ranging from 0 to 11.5%, but that doesn’t include local taxes, according to H&R Block.
—Celia Fernandez, CNBC, 18 Jan. 2025
In the long run, at best the taxpayer could get a deferral of taxes and then an eventual arbitrage between ordinary income tax rates and long-term capital gains rates.
—Jay Adkisson, Forbes, 18 Jan. 2025
That includes protecting individual provisions that are set to expire later this year, which, if lapsed, would mean higher income tax rates for most earners, a lower standard deduction and a rollback of the cap on the state and local tax (SALT) deduction, among other changes.
—Aris Folley, The Hill, 17 Jan. 2025
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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 24 Jan. 2025.
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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