income tax


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Related to income tax: Income Tax Rates

income tax

n.
A tax levied on net personal or business income.

income tax

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

in′come tax`


n.
a tax levied on the annual incomes of individuals and corporations.
[1790–1800]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.income tax - a personal tax levied on annual incomeincome 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
tulovero
porez na prihod
jövedelemadó
tekjuskattur
所得税
소득세
daň z príjmu
davek na dohodek
inkomstskatt
ภาษีเงินได้
thuế thu nhập

income tax

nimposta sul reddito

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
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.
Twice we have passed a national income tax, and each time the supreme court smashed it as unconstitutional.
The third time the graduated income tax was declared unconstitutional was a gouge.
The child care expenses allowed for that credit did not increase for California income tax purposes as they did for federal income tax purposes.
While the higher stock valuation increased the value of the estate for estate tax purposes, it also resulted in a higher basis in the stock, less the gain on its sale, and an overpayment of the income tax for 1986.
Since no political jurisdiction in the world has ever successfully replaced an income tax with a sales tax, why should we believe the United States is different?
Under cover of a flat rate structure, Republicans want to turn the federal income tax into a tax on the toil they rhapsodize on other days.
Current tax reform proposals aim to replace the personal and corporate income taxes with an integrated consumed-income tax, which looks like a regular income tax but contains special provisions to eliminate the bias against saving and investment.
Canadian unitholders holding the units of Enterra Energy Trust in a registered retirement savings plan ("RRSP"), registered retirement income fund ("RRIF"), or deferred profit savings plan ("DPSP") should not report any income related to distributions on their 2005 income tax return.
a net income tax on the income derived within such State by any person from interstate commerce if the only business activities within such State by or on behalf of such person during such taxable year are either, or both, of the following:
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.
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.