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.
Tax obligations extend beyond income tax to certain excise taxes as well that may be considered with personal income tax obligations. Priya Prakash Royal Esq. Ll.m. Mba Aep Tep, Forbes.com, 1 June 2025 The 2017 Tax Cuts and Jobs Act, which lowered income tax rates for all income groups but disproportionately benefitted the highest earners, is set to expire at the end of 2025. Riley Beggin, USA Today, 23 May 2025 The winners from the tax and budget bill the House passed Thursday morning: Californians’ federal income tax rates and their state and local deduction. David Lightman, Sacbee.com, 22 May 2025 The bill would extend and make permanent Trump’s 2017 income tax cuts, while expanding spending on defense and border security. Ted Johnson, Deadline, 22 May 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 6 Jun. 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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