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 Currently, a child can earn up to $2,700, and income above that amount would trigger income taxes based on the parents’ (or custodial parent’s) marginal income tax rate, rather than the child’s tax rate. Terry Savage, Chicago Tribune, 26 July 2026 The top 1%, which includes filers at $1 million and above, pays about 30% of state income tax revenue. Christopher Keating, Hartford Courant, 26 July 2026 The letter also recommends that reforms to capital tax gains, including aligning capital gains tax rates with income tax, could give the Treasury an annual £12 billion ($16 billion) boost. Emma Burleigh, Fortune, 24 July 2026 The saver’s credit can reduce your federal income tax bill by up to $1,000 for single filers and $2,000 for joint filers. Miranda Marquit, Encyclopedia Britannica, 24 July 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
  • So, when Thursday’s term sheet was sent to the Blazers, the team was put off by asks from the city, particularly the $3 million annual fee for a property tax offset and a requirement that the team hires union workers.
    Jason Quick, New York Times, 21 July 2026
  • Sarnecki, who has regularly lambasted his fellow candidates as career politicians, has criticized Masterson for failing to provide property tax breaks for homeowners while approving tax breaks for businesses.
    Cuyler Dunn, Kansas City Star, 21 July 2026
Noun
  • The participant must also take a lump-sum distribution of the entire retirement plan balance within a single tax year.
    David Kudla, Forbes.com, 30 June 2026
  • But that levy generates more than any other single tax at either level of government.
    Keith M. Phaneuf, Hartford Courant, 19 June 2026
Noun
  • The one cent sales tax will fund billions in road, rail and bus projects.
    DJ Simmons, Charlotte Observer, 30 July 2026
  • As a current legislator, Abarca has been involved in the Legislature’s efforts to get a transit sales tax on the ballot.
    Ilana Arougheti July 30, Kansas City Star, 30 July 2026
Noun
  • Once Vasquez applies for funding, the Missouri 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, 10 June 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
  • Thirty-eight states have dedicated tax incentives for data centers, according to the National Conference of State Legislatures.
    Eleanor Dearman, Fort Worth Star-Telegram, 27 July 2026
  • The amendment would phase out Missouri’s income tax based on revenue growth triggers and increase sales and use tax to offset the loss of revenue.
    Sophie Lindberg, Kansas City Star, 27 July 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
  • The teams' leases stipulate the public is responsible for repair costs, but the lone funding source — the county sin tax on cigarettes and alcohol — is no longer sufficient to cover their demands.
    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 31 Jul. 2026.

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