income tax

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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 ?
They advocated government ownership of such trusts as the railroads and telegraphs, and excessive income taxes, graduated with ferocity, to destroy large accumulations.
Know the rules for taxation of state income tax refunds: Historically, the tax benefit rule has caused a refund of state income taxes deducted in a prior year to be taxable to the extent that itemized deductions that year exceeded the standard deduction.
Under the new act, most of the special tax provisions that relate to state income taxes have been replaced with provisions that cause the state tax reporting to follow federal provisions, including most of the IRC Sec.
This Reiner measure would increase income taxes about another 17 percent.
Income value-added tax with Social Security tax integration--This would substitute a broad-based, flat-rate income tax for current individual and corporate income taxes, as well as the payroll tax.
However, those who are classified as employees can request that their income taxes and self-employment taxes be withheld from their salary payments, and CPAs should advise them to do so.
She seems to be begging for some loophole in the loopholes--some reason she doesn't have to refrain from paying income taxes.
On November 24, 2003, the Toronto Chapter of Tax Executives Institute sent the following letter to Minister of Finance Greg Sorbara in reaction to the announcement of the intention to rollback corporate income taxes to 2001 levels.
As Weisman makes clear in his excellent history of the income tax, this back-and-forth battle between Democrats and Republicans over income taxes is part of a debate that has held remarkably consistent over the years.
The complicated forms, the math anxiety, the resentment over giving up part of their paychecks --all contribute to Americans' fear and loathing of income taxes.
For example, if the Smiths lived in Baltimore, Maryland, they would save an additional $735 in state and local income taxes, over and above the $1,500 savings in federal income taxes.
Besides federal income tax, the partnership and each partner may be responsible for state income taxes on the partnership income.