income tax

A tax levied on net personal or business income.

American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

income tax

(Economics) a personal tax, usually progressive, levied on annual income subject to certain deductions

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

in′come tax`

a tax levied on the annual incomes of individuals and corporations.

[1790–1800]

ThesaurusAntonymsRelated WordsSynonymsLegend:

Noun

income 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

ضَرِيبَةُ الدَّخْلضَريبة الدَّخْل

daň z příjmu

indkomstskat

Einkommensteuer Einkommenssteuer

φόρος εισοδήματος

impuesto sobre la renta

tulovero

impôt sur le revenu

porez na prihod

jövedelemadó

tekjuskattur

imposta sul reddito

所得税

소득세

inkomstenbelasting

inntektsskatt

podatek dochodowy

imposto de renda imposto sobre rendimentos

подоходный налог

daň z príjmu

davek na dohodek

inkomstskatt

ภาษีเงินได้

gelir vergisi

thuế thu nhập

所得税

income tax

n → imposta sul reddito

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

income

(ˈiŋkəm) noun

money received by a person as wages etc. He cannot support his family on his income.

income tax

a tax paid on income over a certain amount.

ˈincome-tax return noun

an official form that has to be completed with information about one's income and expenses and sent to a government department.

income tax

→ ضَرِيبَةُ الدَّخْل daň z příjmu indkomstskat Einkommensteuer φόρος εισοδήματος impuesto sobre la renta tulovero impôt sur le revenu porez na prihod imposta sul reddito 所得税 소득세 inkomstenbelasting inntektsskatt podatek dochodowy imposto de renda, imposto sobre rendimentos подоходный налог inkomstskatt ภาษีเงินได้ gelir vergisi thuế thu nhập 所得税

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.

View in context

Twice we have passed a national income tax, and each time the supreme court smashed it as unconstitutional.

They advocated government ownership of such trusts as the railroads and telegraphs, and excessive income taxes, graduated with ferocity, to destroy large accumulations.

View in context

The third time the graduated income tax was declared unconstitutional was a gouge.

View in context

These businesses and people have been excluded from the normal income tax regime.

FBR plans to bring small traders into tax net

The decision to change the income tax rates for the salaried class will provide a relief of almost Rs100 billion before the upcoming general elections.

Pakistan's salaried class wins huge tax exemptions

The income tax slabs and rates proposed by the Senate Standing Committee on Finance seek to apply higher tax rates on higher incomes instead of middle level incomes in the upcoming fiscal year 2010-11.

Income tax slabs and rates

When individual clients receive an income tax refund, a bonus, an inheritance or another windfall--or even have some extra cash on hand after paying off their bills--they have a number of options.

The best use of spare cash: tax-savvy strategy for extra dollars

Under the IRS e-file program, a corporation would send its income tax return data to the IRS electronically, instead of on paper forms.

Ask FERF about ... tax return e-filing for corporations

The online system is secure and robust and during this past income tax return time it handled four transactions per second, Anfossi says.

Click, return

* Implement as soon as practicable the 2005 budget announcement calling for phased corporate income tax rate reductions as well as the elimination of the corporate surtax.

TEI's Testimony before Canadian House of Commons Standing Committee on Finance on pre-budget consultations: September 6, 2005

Income tax claims generally are dischargeable if the return was timely filed and the due date was more than three years before the petition date.

Good advice (Bankruptcy Abuse Prevention & Consumer Protection Act of 2005): what you need to know about the Bankruptcy Act of 2005