: 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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As Washington raises prices on everything for everybody, in Maryland, our income tax reform plan will ensure that 94% of Marylanders either get a tax cut or see no change in their taxes.—Wes Moore, Baltimore Sun, 12 Apr. 2025 Unless Congress acts, income tax rates will rise across the board.—Ryan Ellis, Boston Herald, 12 Apr. 2025 Tariffs became even less important revenue sources after the introduction of the income tax in 1913, but they were increasingly used to protect domestic industries from competition.—Rachel Treisman, NPR, 9 Apr. 2025 For example, in 2020, 63% of Republicans considered their federal income tax rate to be fair.—Brendan Rascius, Miami Herald, 8 Apr. 2025 See All Example Sentences for income tax
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