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

Within months, Mintz pleaded no contest to conspiracy to maintain a house of prostitution and two counts of state income tax evasion. — Andrew J. Campa, Los Angeles Times, 27 June 2026

Chase was Lincoln’s Treasury Secretary and was instrumental in the Revenue Acts of 1861 and 1862, which created the first federal income tax framework and the office of the Commissioner of Internal Revenue. — Kelly Phillips Erb, Forbes.com, 27 June 2026

California relies on its top 1% of earners for nearly half of its personal income tax revenue. — CBS News, 26 June 2026

Attorney General Andrea Campbell needs to clear the air over her role in the income tax ballot question wording that the state Supreme Judicial Court found misleading. — Peter Lucas, Boston Herald, 25 June 2026

Word History

First Known Use

1799, in the meaning defined above

Rhymes for income tax

• anticlimax
• counterattacks
• hemothorax
• mesothorax
• metathorax
• almanacs
• carrybacks
• haversacks
• lumberjacks
• maniacs
• microcracks
• minimax

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