income tax

Definition of income taxnext

Example Sentences

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.
Recent Examples of income tax Billionaires have long employed this strategy to avoid paying income tax—sometimes taking symbolic salaries or none at all—but using their enormous asset holdings as collateral to secure favorable loans that finance their lifestyle, avoiding selling any stock that would be considered taxable. Tristan Bove, Fortune, 27 May 2026 The big difference between then and now is that the top rate of income tax is currently higher. Ian King, CNBC, 27 May 2026 California’s budget is highly dependent on volatile income tax revenue, particularly from high earners. Mercury News & East Bay Times Editorial Boards, Mercury News, 26 May 2026 The tax would be refundable, with revenue returned to consumers as an income tax credit. Joseph Thorndike, Forbes.com, 26 May 2026 See All Example Sentences for income tax
Recent Examples of Synonyms for income tax
Noun
  • This bill would functionally impose a poll tax on American citizens.
    Linh Tat, Oc Register, 5 May 2026
  • There was – there was a poll tax in Southern states.
    CBS News, CBS News, 4 May 2026
Noun
  • The House earlier this year passed a property tax plan that would have explicitly eliminated all property taxes except those on schools, something DeSantis’ plan doesn’t protect.
    Lawrence Mower, Miami Herald, 29 May 2026
  • Check for local property tax breaks and other benefits for seniors.
    Medora Lee, USA Today, 28 May 2026
Noun
  • Owens claimed the proposal illegally bundles unrelated subjects and could alter multiple constitutional articles under the guise of a single tax-reform measure.
    Jack Harvel June 2, Kansas City Star, 2 June 2026
  • To qualify for the Saver’s Match, a single tax filer must earn less than $35,500.
    Daniel de Visé, USA Today, 30 Apr. 2026
Noun
  • Daniels said the sales tax surcharge will be applied to items not including fuel.
    Drew Pittock, USA Today, 4 June 2026
  • The measure, put on the ballot by the Board of Supervisors, asks voters to support a half-percentage-point sales tax increase to help stave off the effects of federal cuts affecting county healthcare facilities, including the risk of some clinics and even hospitals closing.
    Steve Scauzillo, Daily News, 4 June 2026
Noun
  • Once Vasquez applies for funding, Hataway’s department will determine the state’s contribution based on the amount of withholding tax, sales tax and athlete and entertainer tax revenues generated by the team last year, a Kehoe spokesperson previously told The Star.
    Kacen Bayless, Kansas City Star, 16 Apr. 2026
  • The incentives include sales and use tax refunds, qualifying investment tax credits and withholding tax credits.
    Max Rego, The Hill, 12 Feb. 2026
Noun
  • The various Indian state governments earn a big portion of their revenue from excise and value-added tax on alcoholic drinks.
    Mimansa Verma, Quartz, 10 Nov. 2022
  • Lord De La Warr paid $179,255 for it (including buyer’s premium and value-added tax) after it was originally estimated to go for between $54,000 and $81,000 by Summers Place Auctions.
    Téa Kvetenadze, Forbes, 7 Oct. 2021
Noun
  • While tax revenue and federal aid are slowing — due to the expiration of federal pandemic relief funding — costs like personnel, health insurance, and police overtime are rising, the report said.
    Gayla Cawley, Boston Herald, 7 June 2026
  • As chairman and then ranking Republican on the Senate Finance Committee, Packwood was a master of cutting deals and forging compromises needed to pass tax legislation through Congress.
    ABC News, ABC News, 7 June 2026
Noun
  • Those drops, while beneficial for the population, aren’t great for sin tax revenues that depend on those behaviors.
    Kelly Phillips Erb, Forbes.com, 12 July 2025
  • Signal Cleveland reports Council President Blaine Griffin and County Executive Chris Ronayne are in talks to raise the sin tax, which would require a change to state law.
    Sam Allard, Axios, 5 Dec. 2024

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Cite this Entry

“Income tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/income%20tax. Accessed 11 Jun. 2026.

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