income tax

noun

Synonyms of income taxnext
: 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.
But income tax thresholds remain frozen and the chancellor could even reduce these for additional rate taxpayers. — Marc Shoffman, TheWeek, 15 Oct. 2026 Donors can avoid capital gains tax on the appreciation and claim an income tax deduction by donating private shares. — Hayley Cuccinello, CNBC, 15 Oct. 2026 State figures from 2022, for example, show less than 1% of filers reported an income over $1 million, but those returns accounted for 35% of overall income tax revenue. — Ben Paviour, Sacbee.com, 12 Oct. 2026 The governor said Hinojosa, a state representative from Austin, voted for a state income tax back in May 2019. — Jack Fink, CBS News, 11 Oct. 2026 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

Rhymes for income tax

See All Rhymes for income tax

Browse Nearby Words

income splitting
income tax
(income) tax return
See all Nearby Words

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 21 Oct. 2026.

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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

More from Merriam-Webster on income tax

Thesaurus: All synonyms and antonyms for income tax

Britannica.com: Encyclopedia article about income tax

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