: 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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The number of tax filers with no federal income tax would increase from 37 million under current law to 66 million under Van Hollen's proposal, according to Steve Wamhoff, director of federal tax policy at the Institute on Taxation and Economic Policy, a left-leaning think tank.—Jeff Stein The Washington Post, Arkansas Online, 6 Mar. 2026 The loss of the IEEPA tariffs is a massive blow to the administration’s hopes of tariff revenue not just paying down the nearly $39 trillion national debt, but being used to give rebates to Americans and replace income tax.—Sasha Rogelberg, Fortune, 6 Mar. 2026 Lawmakers are also expected vote on House Bill 880, which would cut the state income tax rate.—Adam Beam, AJC.com, 6 Mar. 2026 Texas doesn’t have a state income tax, but a new study says residents still face some of the highest tax costs nationwide.—Tiffani Jackson, Fort Worth Star-Telegram, 6 Mar. 2026 See All Example Sentences for income tax