income tax

Example Sentences

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Recent Examples of income tax In addition to the $100 million for St. Louis disaster relief, the package authorizes $25 million for emergency housing assistance and a $5,000 income tax deduction to offset insurance policy deductibles for people in any area included in a request for a presidential disaster declaration. Arkansas Online, 6 June 2025 What’s at stake The individual income tax breaks that had been approved during Trump’s first term in the White House will expire in December if Congress fails to act, in what Republicans warn would be a massive tax hike on many American households. Lisa Mascaro, Chicago Tribune, 4 June 2025 Workers would be able to deduct overtime pay or tips from their federal income tax. Lisa Hagen, Hartford Courant, 3 June 2025 Unlike bond interest, which can be subject to ordinary income tax rates as high as 37% – or 40.8% if accounting for the net investment income tax – returns from these notes are treated as long-term capital gains, the firm said. Darla Mercado, Cfp®, CNBC, 2 June 2025 See All Example Sentences for income tax
Recent Examples of Synonyms for income tax
Noun
  • Equal Ground Action Fund Executive Director Genesis Robinson told Newsweek that forcing people to pay for documents equates to a poll tax.
    David Faris, MSNBC Newsweek, 11 Apr. 2025
  • However, under the act, many people would have to pay to get copies of their documents, which could result in a pay-to-vote situation akin to a poll tax.
    William Lambers, Newsweek, 7 Mar. 2025
Noun
  • The mayor of Memphis weighs in Mayor Paul Young said In his weekly newsletter Friday that an ordinance now requires that 25% of xAI’s city property tax revenue be reinvested directly into neighborhoods within 5 miles of the facility.
    Preston Fore, Fortune, 17 June 2025
  • After that, the property is expected to bring in over $1 million a year in property tax revenue.
    Chris Higgins, Kansas City Star, 17 June 2025
Noun
  • Installment sale tax treatment allows sellers to recognize capital gains incrementally over time rather than in a single tax year.
    Shane Styne, Forbes.com, 16 Apr. 2025
  • The payments sent back $250 to single tax filers and $375 to head-of-household filers.
    Chris McKenna, USA TODAY, 10 Dec. 2024
Noun
  • The plan would also include a sales tax exemption for construction materials.
    Alecia Taylor, Kansas City Star, 6 June 2025
  • Cities typically welcome a Costco due to the significant sales tax revenues its huge stores generate.
    Jonathan Lansner, Oc Register, 4 June 2025
Noun
  • Import taxes on movies may look in some way like some sort of withholding tax on royalties, for example.
    Tax Notes Staff, Forbes.com, 20 May 2025
  • Zhao points to instances where companies have threatened governments or regions with economic consequences, such as withholding tax revenue, if regulations are imposed.
    Hessie Jones, Forbes.com, 3 Apr. 2025
Noun
  • Lord De La Warr paid $179,255 for it (including buyer’s premium and value-added tax) after it was originally estimated to go for between $54,000 and $81,000 by Summers Place Auctions.
    Téa Kvetenadze, Forbes, 7 Oct. 2021
  • The various Indian state governments earn a big portion of their revenue from excise and value-added tax on alcoholic drinks.
    Mimansa Verma, Quartz, 10 Nov. 2022
Noun
  • Taxes The Senate text permanently extends the 2017 tax cuts, a major priority for President Trump.
    Barbara Sprunt, NPR, 17 June 2025
  • But there was no final agreement to cut the tax on British steel to zero as originally foreseen — seen as vital to preserving the U.K.’s beleaguered steel industry.
    Jill Lawless, Fortune, 17 June 2025
Noun
  • The teams' leases stipulate the public is responsible for repair costs, but the lone funding source — the county sin tax on cigarettes and alcohol — is no longer sufficient to cover their demands.
    Sam Allard, Axios, 5 Dec. 2024
  • Signal Cleveland reports Council President Blaine Griffin and County Executive Chris Ronayne are in talks to raise the sin tax, which would require a change to state law.
    Sam Allard, Axios, 5 Dec. 2024

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Cite this Entry

“Income tax.” Merriam-Webster.com Thesaurus, Merriam-Webster, https://www.merriam-webster.com/thesaurus/income%20tax. Accessed 20 Jun. 2025.

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