income tax

noun

: 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.

Recent Examples on the Web

Kehoe and other supporters argued that eliminating the income tax would boost the state’s economy and lure new companies and residents to Missouri. — Kacen Bayless, Kansas City Star, 5 Aug. 2026

Alaska is the only state so far to impose a general individual income tax and then repeal it, doing so in 1980 by a legislative vote. — ABC News, 4 Aug. 2026

Trump has tried for several months to sell voters on his income tax cuts and claims of a manufacturing renaissance. — Darlene Superville, Fortune, 4 Aug. 2026

State Income Tax – Required to be withheld from pay in states that collect personal income tax. — Allbusiness, Forbes.com, 4 Aug. 2026

Word History

First Known Use

1799, in the meaning defined above

Rhymes for income tax

• anticlimax
• counterattacks
• hemothorax
• mesothorax
• metathorax
• almanacs
• carrybacks
• haversacks
• lumberjacks
• maniacs
• microcracks
• minimax

Kids Definition

income tax

noun

ˈin-(ˌ)kəm-

: a tax on the income of a person or business

Legal Definition

income tax

noun

: a tax on the net income of an individual or a business compare excise, property tax