: 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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This raises the possibility that Florida’s lack of a state income tax is not the only—or possibly not even the primary—reason for high-income people to move there.—Laura Clawson, JSTOR Daily, 7 Mar. 2025 The Legislature responded by proposing more than four times that amount this session across three bills, including the income tax cut.—Carolyn Komatsoulis, Idaho Statesman, 6 Mar. 2025 Over time, these moves could lead to lower income tax rates and a more sustainable economic future.—Emil Sayegh, Forbes, 5 Mar. 2025 Before the federal income tax was established in 1913, tariffs were a major revenue source for the government.—Paul Wiseman, Chicago Tribune, 4 Mar. 2025 See All Example Sentences for income tax
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