income tax

American  

noun

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

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income tax British  

noun

1. a personal tax, usually progressive, levied on annual income subject to certain deductions

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Etymology

Origin of income tax

First recorded in 1790–1800

Example Sentences

They got hazard pay, family-separation pay and were freed from federal income tax.

From The Wall Street Journal

More than a million people will be paying more income tax or paying it for the first time - not a traditional reason for cheer.

From BBC

But Reeves has confirmed that anyone who receives the state pension but no other income will not have to pay income tax before 2030.

From BBC

Reeves defended her plans - which will lead to Scots paying more income tax and National Insurance - as "fair".

From BBC

Scotland sets its own income tax bands and rates, which means that only some of Reeves' proposals will apply north of the border.

From BBC