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income tax
noun
- a tax levied on incomes, especially an annual government tax on personal incomes.
income tax
noun
- a personal tax, usually progressive, levied on annual income subject to certain deductions
51Թ History and Origins
Origin of income tax1
Example Sentences
Texas, in addition to having no personal income tax or estate tax, has a $7.25 minimum wage and a right-to-work law.
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.
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.
The discount refers to the 1040 individual income tax form that most people file.
Universities, as well as many charities and religious groups, are exempted from paying federal income taxes.
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