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income tax

a tax levied on incomes, especially an annual government tax on personal incomes.
Origin of income tax
1790-1800 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for income tax
  • And let everyone contribute one one-hundredth percent of their income tax.
  • It's that time of year, again, the deadline for filing your federal and state income tax returns.
  • Far more striking would be a cut in income tax, especially for earners on low and middling incomes.
  • Which isn't to say that progressives ought not to continue to fight for equalization of capital gains and income tax rates.
  • So only the elastic income earners ultimately bear the income tax.
  • Of course, when it comes time to collect, the president will be required to pay income tax.
  • The state has no income tax, and revenues from its sales and property taxes have plummeted.
  • Lower-income filers can take advantage of the earned income tax credit, which can reduce the tax bill of a single filer.
  • And from that income get an income tax cut and help switching to more eff homes, transport.
  • Some of the measures included anti-trust statutes, regulations, and a progressive income tax.
British Dictionary definitions for income tax

income tax

a personal tax, usually progressive, levied on annual income subject to certain deductions
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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