income tax

noun

Synonyms of income taxnext
: a tax on the net income of an individual or a business

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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
Antigua and Barbuda also offers tax advantages, with no personal income tax, capital gains tax or inheritance tax — and citizenship is granted for life. Ashley J. Dimella, FOXNews.com, 9 Jan. 2026 The agency expects to receive about 164 million individual income tax returns this year, with most taxpayers filing electronically. Medora Lee, USA Today, 9 Jan. 2026 Minnesota ranks 44th for overall tax competitiveness and has the sixth-highest personal income tax rate, per the report. Mars King, Twin Cities, 9 Jan. 2026 But the country also has strict laws governing foreign oil companies, requiring businesses to enter into public-private joint ventures that pay 30% royalty fees and a 60% income tax. David Goldman, CNN Money, 9 Jan. 2026 See All Example Sentences for income tax

Word History

First Known Use

1799, in the meaning defined above

Time Traveler
The first known use of income tax was in 1799

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 11 Jan. 2026.

Kids Definition

income tax

noun
ˈin-(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
Last Updated: - Updated example sentences
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