: 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.
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No more state income tax for the first $100,000 of income, gas down to $3 a gallon, electric bills cut by half, small-business taxes reduced.—Philip Elliott, Time, 30 May 2026 Actually, those Americans in the top 1% of income actually pay almost 40% of the entire income tax — more than the bottom 90% combined.—Stephen Moore, Boston Herald, 29 May 2026 The bonds would be repaid with income tax revenue from major league ballplayers and staff.—Chris Biderman, Sacbee.com, 29 May 2026 The measure also creates a new income tax credit for people who invest in housing in transit areas.—Seth Klamann, Denver Post, 28 May 2026 See All Example Sentences for income tax