51Թ

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income tax

noun

  1. a tax levied on incomes, especially an annual government tax on personal incomes.


income tax

noun

  1. 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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51Թ History and Origins

Origin of income tax1

First recorded in 1790–1800
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Example Sentences

Examples have not been reviewed.

Texas, in addition to having no personal income tax or estate tax, has a $7.25 minimum wage and a right-to-work law.

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The millionaires and billionaires who might be spared a federal income tax increase, since the gain for the federal budget would be more than $626 billion over a decade.

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President Trump's message that tariff revenue could be sufficient to "completely eliminate" income taxes for "many people" would rather suggest that it will stay.

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The discount refers to the 1040 individual income tax form that most people file.

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Universities, as well as many charities and religious groups, are exempted from paying federal income taxes.

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