: 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.
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Other options could include raising sales taxes and/or a state income tax.—Eleanor Dearman, Fort Worth Star-Telegram, 14 Feb. 2026 The income tax rate can be lowered by continuing to grow our state and local economies by attracting new business with high-paying jobs by supporting fiscally conservative policies and keeping state income taxes low.—Nora O'Neill, Charlotte Observer, 13 Feb. 2026 One bill would more than quadruple the standard deduction, potentially eliminating the income tax for nearly two-thirds of Georgians.—David Wickert, AJC.com, 13 Feb. 2026 The largest single contributor is the 2025 reconciliation act, which permanently extended the individual income tax rates and business investment incentives originally established by the 2017 tax act.—Tristan Bove, Fortune, 11 Feb. 2026 See All Example Sentences for income tax