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.
The money for the fund comes from a combination of capital gains and income tax. — Ben Paviour, Sacbee.com, 30 June 2026 The income tax had just been introduced, with the top rate of 7% applied to incomes exceeding $500,000. — Steve H. Hanke, Fortune, 1 July 2026 Supporters also point to other states that have eliminated their income tax and cast the proposal as a way to attract businesses and new residents. — Kacen Bayless, Kansas City Star, 2 July 2026 That age of soaring prosperity ended, the president went on to assert, when the Wilson Administration replaced high tariffs with the income tax. — Ann Manov, Harpers Magazine, 30 June 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 9 Jul. 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
Last Updated: - Updated example sentences
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