: 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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According to agency data, during the most recent tax filing season the IRS issued more than 93.5 million tax refunds to individual income tax filers.—Miami Herald, 27 Sep. 2025 The plan also draws on redirecting corporate income tax revenues and removing the 6% sales tax from fuel sales to allow for a 20-cent-per-gallon hike in the fuel tax, while leaving the price paid at the pump about the same.—Paul Egan, Freep.com, 26 Sep. 2025 Denser downtown means more tax revenue Downtown Indianapolis continues to drive growth in the city's tax base, accounting for 22% of all local taxes paid in Marion County in 2022, the most recent year in which both property and income tax data are included in the report.—Jordan Smith, IndyStar, 26 Sep. 2025 The company was offered the Advantage Arkansas income tax credit and a sales and use tax refund under the state's Tax Back Program, according to Tyler Hale, communications officer for the commission.—Arkansas Online, 24 Sep. 2025 See All Example Sentences for income tax
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