income tax

American  

noun

• income taxes
  plural

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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Other Word Forms

Noun Inflected Forms

• income taxes
  plural

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Etymology

Origin of income tax

First recorded in 1790–1800

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Example Sentences

See Examples For:

income tax

So up to 50% or as much as 85% of your Social Security benefits may be subject to federal income tax.

From MarketWatch ● Oct. 16, 2026

While a Roth IRA must also be emptied by year 10, the beneficiary doesn’t owe income tax on withdrawals as long as the Roth IRA has met the five-year holding requirement.

From The Wall Street Journal ● Oct. 4, 2026

In addition to unpaid income tax and National Insurance, the report claims City could face a penalty charge that would take their liabilities to £24m.

From BBC ● Oct. 2, 2026

That includes 37% federal income tax, plus a 3.8% federal surtax on investment income, plus state and local taxes rising as high as 13.3% in California and 14.8% in New York City.

From MarketWatch ● Sep. 25, 2026

Colonel Korn was the lawyer, and if Colonel Korn assured him that fraud, extortion, currency manipulation, embezzlement, income tax evasion and black-market speculations were legal, Colonel Cathcart was in no position to disagree with him.

From "Catch-22" by Joseph Heller

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