: 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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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
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