: 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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Potential ballot measures Several potential ballot measures were also surveyed by Emerson, with questions regarding lowering the state income tax and rent control gaining the most favorability among voters polled.—Tim Dunn, Boston Herald, 8 May 2026 In the months since, as enthusiasm around AI has grown, the stock market and expectations about income tax collections have continued to climb.—Kate Wolffe, Sacbee.com, 7 May 2026 My economic plan makes the first $50,000 of income tax-free, raises wages, expands Medicare access and protects Social Security for every generation.—Lucas Robinson, San Diego Union-Tribune, 7 May 2026 Outside of the Bears issue, but central to Johnson’s fiscal pitch for help, is a fight over Local Government Distributive Funds, the slice of state income tax receipts distributed to municipalities.—Jeremy Gorner, Chicago Tribune, 6 May 2026 See All Example Sentences for income tax