: 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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Kelly said his decision to turn down the Padres during free agency centered on California’s higher income tax rate compared to Arizona’s.—Chantz Martin, FOXNews.com, 28 Feb. 2026 More than 165 million individual income tax returns were processed last year, with 94% submitted electronically.—Adriana Morga, Los Angeles Times, 27 Feb. 2026 Federal income tax changes would require Congressional action.—Kate Dore, Cfp®, Ea, CNBC, 27 Feb. 2026 Withdrawals for non-qualified expenses before age 65 are subject to income tax plus a 20% penalty.—Lauren Schuster, Miami Herald, 26 Feb. 2026 See All Example Sentences for income tax