: 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 purpose of income tax is to pay for public services and government obligations and toprovide goods for the public.—Olivia Munson, USA Today, 2 Jan. 2026 That's because some states offer state income tax deductions for ABLE account contributions.—Kamaron McNair, CNBC, 1 Jan. 2026 In the 2022 tax year, the top 1% of earners paid nearly 39% of the state’s income tax revenues, according to the Department of Finance.—Nicole Nixon, Sacbee.com, 30 Dec. 2025 State income tax will decrease In a remnant of the 2023 budget cycle, another decrease in the state income tax is scheduled to take effect in 2026.—Kayla Dwyer, IndyStar, 30 Dec. 2025 See All Example Sentences for income tax
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