income tax

noun

: 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.
Recent Examples on the Web
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.
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

Word History

First Known Use

1799, in the meaning defined above

Time Traveler
The first known use of income tax was in 1799

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 19 Apr. 2025.

Kids Definition

income tax

noun
ˈin-(ˌ)kəm-
: a tax on the income of a person or business

Legal Definition

income tax

noun
: a tax on the net income of an individual or a business compare excise, property tax
Last Updated: - Updated example sentences
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