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
The agency also is inviting all states with a state income tax to sign up and help people file their state returns for free.
—
Eleanor Pringle, Fortune, 30 May 2024
The income generated by assets held in such accounts is subject to ordinary income tax, but gains on investments in a taxable investment account held more than one year are subject to a favorable long-term capital gains rate, currently 15% for most people.
—Michael J. Francis, Journal Sentinel, 16 May 2024
There’s a state income tax, but social security retirement benefits are not taxed.
—Patricia Doherty, Travel + Leisure, 16 May 2024
In exchange for slashing child poverty, legislators agreed to a $450 million income tax cut this year, plus the potential for additional reductions, and even a sales tax decrease, in future years, depending on the size of the surplus.
—Nick Coltrain, The Denver Post, 10 May 2024
See all Example Sentences for income tax 
Eleanor Pringle, Fortune, 30 May 2024
The income generated by assets held in such accounts is subject to ordinary income tax, but gains on investments in a taxable investment account held more than one year are subject to a favorable long-term capital gains rate, currently 15% for most people.
—Michael J. Francis, Journal Sentinel, 16 May 2024
There’s a state income tax, but social security retirement benefits are not taxed.
—Patricia Doherty, Travel + Leisure, 16 May 2024
In exchange for slashing child poverty, legislators agreed to a $450 million income tax cut this year, plus the potential for additional reductions, and even a sales tax decrease, in future years, depending on the size of the surplus.
—Nick Coltrain, The Denver Post, 10 May 2024
See all Example Sentences for income tax
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'income tax.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
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“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 13 Jun. 2024.
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