income tax

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Related to Federal income tax: Social Security Tax

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 periodicals archive ?
What federal income tax regimen should these C corporations have?
Donaldson (Georgia State University) and Tobin (University of Maryland) introduce the structure of federal income tax laws, and explain the fundamental interpretive issues, doctrines, and public policies at play in the field.
On Butcher's 2008 federal income tax return, he falsely claimed that he received nearly $1 million taxable bond interest from several banks and had a federal income tax liability of $300,000.
Most Americans have little or no federal income tax obligation, so how in the world is it possible to give a tax cut to them?
Because LLC is a disregarded entity for federal income tax purposes, this $500 debt has no federal income tax impact, and Business B is treated as if it were merely a division of P.
Today, individual federal income taxes raise approximately $1 trillion from 150 million tax returns.
According to the IRS, last year approximately 41 percent of tax filers did not pay federal income tax. The Tax Policy Center estimates that will increase to 46 percent this year.
A recently released fact sheet, wwwcalcpa.org/IRSfactsheet, summarizes information about federal income tax return and FEAR filing requirements, how to file a federal income tax return or FBAR, and potential penalties.
But the Tax Policy Center found that a family of four with an income of up to $50,000 could have an effective federal income tax rate of zero by claiming common credits and deductions.
service members, serving in a designated combat zone, the opportunity to qualify for the Stimulus Act rebate in spite of the fact they may not be required to file a federal income tax return.

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