income tax

noun

: 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

Florida has long been the obvious destination for retirees chasing warm weather, ocean views, and zero state income tax. — Andrew McGowan, Fortune, 7 Oct. 2026

Miami, with no state income tax, has become a favorite refuge. — Jack Dolan, Los Angeles Times, 7 Oct. 2026

The Democrats’ Affordability Action Plan includes measures such as property tax and rent rebates, other housing protections for underserved communities, doubling the income tax credit and increasing food and energy security funding. — Daniel J. Mallinson, The Conversation, 5 Oct. 2026

Rob Blanchard, spokesman for Lamont’s reelection campaign, countered Wednesday that Fazio recently proposed a questionable income tax-cutting plan that could weaken the state’s strong financial reputation. — Keith M. Phaneuf, Hartford Courant, 4 Oct. 2026

Word History

First Known Use

1799, in the meaning defined above

Rhymes for income tax

• anticlimax
• counterattacks
• hemothorax
• mesothorax
• metathorax
• almanacs
• carrybacks
• haversacks
• lumberjacks
• maniacs
• microcracks
• minimax

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