: 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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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
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