: 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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She‘d raise the corporate income tax a notch.—George Skelton, Mercury News, 14 Mar. 2026 In fact, it wasn’t even introduced as a concept until about 100 years into the country’s history after President Abraham Lincoln signed the very first federal income tax—a 3% flat tax on incomes exceeding $800—to fund the Civil War.—Jake Angelo, Fortune, 13 Mar. 2026 Use the qualified charitable distribution (QCD) option to minimize your federal income tax.—Elliot Raphaelson, The Orlando Sentinel, 13 Mar. 2026 The Constitution currently allows only for a flat income tax, making bids to raise it for individuals politically toxic.—The Editorial Board, Chicago Tribune, 13 Mar. 2026 See All Example Sentences for income tax