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Income tax   /ˈɪnkˌəm tæks/   Listen
Income tax

noun
1.
A personal tax levied on annual income.



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"Income tax" Quotes from Famous Books



... thirty millions, although the expenses of each of these countries are at least fifty millions more than the computed expenses of our own. It is obvious, therefore, from the Report of the Commission, that we may dispense with the fifty-nine millions from income tax and the duties on transportation, and still have a margin of more than thirty millions to cover contingencies and provide for the gradual reduction of the debt. Such a victory in finance achieved the first year after the war would give us a second ...
— The Atlantic Monthly, Volume 17, No. 103, May, 1866 • Various



Words linked to "Income tax" :   FICA, estimated tax, withholding tax, supertax, revenue enhancement, bracket creep, surtax, taxation, withholding, tax



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