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 bill would cancel the state’s plans to reduce corporate income tax to 0% by 2030. Rebecca Noel, Charlotte Observer, 2 May 2026 That, coupled with other income tax changes, saved poor and middle-class households more than $450 million last year. Keith M. Phaneuf, Hartford Courant, 2 May 2026 The bill will also enact an individual income tax deduction for qualified overtime compensation equal to the amount of that compensation received during the taxable year. Chiara Kim, PEOPLE, 1 May 2026 The former provides an income tax credit for job creation, while the latter provides sales and tax refunds on the purchase of building materials. Arkansas Online, 30 Apr. 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

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 4 May. 2026.

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
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