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
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The Revenue Act also created the modern income tax system with a one-percent tax on workers earning more than $3,000 per year, the equivalent of $94,909 in 2024. Mike Patton, Forbes.com, 25 June 2025 After that, the county can figure out where the income tax revenue should be divvied up. Doug Ross, Chicago Tribune, 25 June 2025 Oman will be the first Gulf country to impose a personal income tax. Manal Albarakati, semafor.com, 23 June 2025 In addition, university endowments are eyed by lawmakers as a source of revenue to offset business and income tax cuts and other reforms. Michael McCann, Sportico.com, 23 June 2025 See All Example Sentences for income tax

Word History

First Known Use

1799, in the meaning defined above

Time Traveler
The first known use of income tax was in 1799

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 1 Jul. 2025.

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
Last Updated: - Updated example sentences
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