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income tax

   Also found in: Medical, Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson 0.03 sec.
income tax
n.
A tax levied on net personal or business income.

income tax
Noun
a personal tax levied on annual income
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.income taxincome tax - a personal tax levied on annual income
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
bracket creep - a movement into a higher tax bracket as taxable income increases
estimated tax - income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability
FICA - a tax on employees and employers that is used to fund the Social Security system
withholding tax, withholding - income tax withheld from employees' wages and paid directly to the government by the employer
supertax, surtax - an additional tax on certain kinds of income that has already been taxed
Translations
Spanish income tax nimpuesto sobre la renta
French income tax income nimpĂ´t m sur le revenu
German income tax income nEinkommenssteuer f
cpdSteuer-

Italian income tax nimposta sul reddito

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? Mentioned in ? References in classic literature
 
Secondly, in their dealings with the State: when there is an income tax, the just man will pay more and the unjust less on the same amount of income; and when there is anything to be received the one gains nothing and the other much.
The third time the graduated income tax was declared unconstitutional was a gouge.
 
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