: 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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But for years Moyle has led the charge to reduce income tax rates and championed the benefit of tax cuts.—Clark Corbin, Idaho Statesman, 27 Nov. 2025 The government is creating a new separate tax rate for property income, which is already subject to income tax.—Chloe Taylor, CNBC, 27 Nov. 2025 The government announced plans to freeze income tax thresholds, meaning that more people will be dragged into higher brackets as their salaries increase.—Samantha Conti, Footwear News, 26 Nov. 2025 The four states with the highest relative population growth were New Hampshire, South Dakota, Texas and Florida – each with no state income tax.—The Editorial Board, Oc Register, 26 Nov. 2025 See All Example Sentences for income tax
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