: 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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In 2028, the town council will have the ability to approve a new local income tax to cover the costs, or consider cutting services.—Marissa Meador, IndyStar, 23 Oct. 2025 For example, an individual filer who earns $100,000 in 2026 will owe approximately $13,170 in federal income tax — which is $279 less than that taxpayer would have owed the year before, according to NBC News calculations.—Rob Wile, NBC news, 22 Oct. 2025 Poland’s new president Karol Nawrocki, who came into office in August, has signed off a zero income tax law for families with two or more children, following through on one of his campaign promises.—Giulia Carbonaro, MSNBC Newsweek, 22 Oct. 2025 The bill boosted Pentagon spending and allowed expiring income tax rates that Democrats see as favoring the wealthy to continue.—David Lightman, Sacbee.com, 21 Oct. 2025 See All Example Sentences for income tax
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