as in income tax
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Recent Examples of withholding tax
The legislation lifts the current $800 million limit on the total amount of capture income and withholding tax revenues to $1.6 billion.
—
Detroit Free Press, 18 July 2023
The release of $600,000 in withholding tax tied to unrepatriated earnings of its Russian subsidiary increased its tax rate, Kevin Daniels, the company’s chief accounting officer, said in a June 2 letter.
—Mark Maurer, WSJ, 26 July 2022
Later in the day, the governor’s office announced a discrepancy in the budget numbers occurred because a state payroll withholding tax of nearly $2 million was tagged for fiscal year 2021 when it should have been tagged for fiscal year 2020, which caused an inflation in prospective money for 2020.
—Tyler Arnold, Washington Examiner, 2 July 2020
When a studio pays an actor $1 million, it’s required to deduct a 25 percent withholding tax.
—Mike Barnes, The Hollywood Reporter, 15 Aug. 2022
See All Example Sentences for withholding tax
Detroit Free Press, 18 July 2023
The release of $600,000 in withholding tax tied to unrepatriated earnings of its Russian subsidiary increased its tax rate, Kevin Daniels, the company’s chief accounting officer, said in a June 2 letter.
—Mark Maurer, WSJ, 26 July 2022
Later in the day, the governor’s office announced a discrepancy in the budget numbers occurred because a state payroll withholding tax of nearly $2 million was tagged for fiscal year 2021 when it should have been tagged for fiscal year 2020, which caused an inflation in prospective money for 2020.
—Tyler Arnold, Washington Examiner, 2 July 2020
When a studio pays an actor $1 million, it’s required to deduct a 25 percent withholding tax.
—Mike Barnes, The Hollywood Reporter, 15 Aug. 2022
See All Example Sentences for withholding tax
Recent Examples of Synonyms for withholding tax
Noun
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South Carolina House Speaker Murrell Smith (R) introduced legislation last month, H. 4216, that would move South Carolina from a progressive income tax code with a top rate of 6.2% to a flat 3.99% income tax, with revenue triggers established to cut the rate to 2.49% in the coming years.—
Patrick Gleason,
Forbes.com,
25 Apr. 2025
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This is just one of several measures Hungary has taken to support families—others include mortgage deductions, exemption from personal income tax, and a child care allowance for grandparents.—
Thomas G. Moukawsher,
MSNBC Newsweek,
24 Apr. 2025
Noun
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The legislation is overwhelmingly weighted in favor of developers, who receive significant property tax breaks atop the ability to override local zoning controls, including historic designations that are meant to protect historically and architecturally significant buildings and districts.—
Andres Viglucci,
Miami Herald,
30 Apr. 2025
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If passed by the House and signed into law by Gov. Ron DeSantis, the property tax measures would appear on the November 2026 ballot and would require 60% of the vote to be added to the state’s constitution.—
Center Square,
The Washington Examiner,
26 Apr. 2025
Noun
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Installment sale tax treatment allows sellers to recognize capital gains incrementally over time rather than in a single tax year.—
Shane Styne,
Forbes.com,
16 Apr. 2025
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The payments sent back $250 to single tax filers and $375 to head-of-household filers.—
Chris McKenna,
USA TODAY,
10 Dec. 2024
Noun
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Equal Ground Action Fund Executive Director Genesis Robinson told Newsweek that forcing people to pay for documents equates to a poll tax.—
David Faris,
MSNBC Newsweek,
11 Apr. 2025
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However, under the act, many people would have to pay to get copies of their documents, which could result in a pay-to-vote situation akin to a poll tax.—
William Lambers,
Newsweek,
7 Mar. 2025
Noun
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Elsewhere on the ballot, policy analyst Charlene Wang held 50% of first-place votes in a race to fill an Oakland City Council vacancy, while voters were favoring by 64% a sales tax intended to ease the city’s budget crisis.—
Jakob Rodgers,
Mercury News,
16 Apr. 2025
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Senate Democrats also proposed Monday amendments for housing credits, child care expansion, and exempting sales tax for menstrual products and adult diapers.—
Alexandra Kukulka,
Chicago Tribune,
15 Apr. 2025
Noun
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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
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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
Noun
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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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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
Cite this Entry
“Withholding tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/withholding%20tax. Accessed 4 May. 2025.
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