: 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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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
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