: 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 a nurse, teacher, or firefighter who made the exact same income and was similarly situated economically in every other way would have a federal income tax bill of $9,060 – more than twice as much.—Ben Ritz, Forbes.com, 11 Sep. 2025 Gray has been a reliable Democratic vote on most budget and tax matters, opposing the Big Beautiful Bill that extends current income tax rates.—David Lightman, Sacbee.com, 10 Sep. 2025 Economic factors such as no income tax, like the rest of Florida, and more affordable housing options also were cited as factors.—Michael Butler, Miami Herald, 9 Sep. 2025 And much of the nearly $1 billion gain would be taxed at a lower capital gains rate, not the higher income tax rate.—Chris Isidore, CNN Money, 5 Sep. 2025 See All Example Sentences for income tax
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