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.
The characterization of the asset for federal income tax purposes determines the depreciation period. Matthew L. Roberts, Forbes.com, 17 Sep. 2025 In 1965, Burton’s first year in the Assembly, California’s top middle-class income tax rate was 6%. John Seiler, Oc Register, 16 Sep. 2025 In Florida, property taxes are particularly important to fund public projects as the state does not have an income tax. Giulia Carbonaro, MSNBC Newsweek, 15 Sep. 2025 Like Orlando, Miami has no estate, inheritance or income tax. Daniel De Visé, USA Today, 4 Sep. 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 21 Sep. 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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