income tax

noun

Synonyms of income taxnext
: 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.
Johnson has previously stated the Illinois constitution’s flat income tax rate evades the city’s wealth gap. — Claire Murphy, Chicago Tribune, 31 Aug. 2026 Prize winners are responsible for paying income tax, as required by law. — USA Today, 31 Aug. 2026 Gates figures that if AI takes the jobs of humans, then state revenues from income tax will drop. — Eleanor Pringle, Fortune, 28 Aug. 2026 That’s not to mention the other opportunities that moving to Panama can bring, such as a reduction in your overall cost of living and zero income tax (assuming your income is generated from outside the country). — Kathleen Peddicord, Forbes.com, 28 Aug. 2026 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

Rhymes for income tax

See All Rhymes for income tax

Browse Nearby Words

income splitting
income tax
(income) tax return
See all Nearby Words

Cite this Entry

“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 4 Sep. 2026.

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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

More from Merriam-Webster on income tax

Thesaurus: All synonyms and antonyms for income tax

Britannica.com: Encyclopedia article about income tax

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