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income tax

noun

  1. a tax levied on incomes, especially an annual government tax on personal incomes.


income tax

noun

  1. a personal tax, usually progressive, levied on annual income subject to certain deductions
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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Word History and Origins

Origin of income tax1

First recorded in 1790–1800
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Example Sentences

If you are younger than 59½, you are ordinarily subject to a 10 percent early-withdrawal penalty on top of the income tax owed on your withdrawal.

In addition to phasing out the income tax, Doran promises in the video to make Virginia the best state in the nation for schools, safety and jobs.

Along with the stimulus payments, the House Ways and Means Committee released details Monday of other significant parts of the aid package, including a new child income tax credit for millions of American households.

It also benefits Hand because his primary residence is in Florida, meaning he won’t have to pay income tax on the deferred money.

Congressional offices were deluged with batches of similar letters advocating the society’s causes, such as abolishing the income tax, boycotting goods from communist countries, and preserving the House Un-American Activities Committee.

McConnell similarly talked out of both sides of his mouth on the minimum wage, the Earned Income Tax Credit, and other issues.

Which is one thing I hate about America (besides Obama and income tax).

“In 1910 in America, everybody would have said a progressive income tax was impossible,” Piketty said Tuesday.

For more, read “The U.S. income tax burden, county by county,” by Ben Harris.

An interactive map from the Brookings Institution allows users to explore income tax rates at the county level nationwide.

The interests of the savings deposits are in like manner exempt from the Income Tax and from any future tax coming in its place.

Mr. Monk was busy, heart and soul, in regard to income tax and brewers' licences,—making our poor Prime Minister's mouth water.

In England he had found fresh resources in an Income-Tax, from which he anticipated an annual return of ten millions.

Now, of course, I know perfectly well that the rich man dodges most of his income tax and most of his inheritance tax.

For over twenty-five years the income-tax remained in abeyance, to the great detriment of the revenue system.

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