Definition of income tax in English:

income tax

Syllabification: in·come tax

noun

  • Tax levied by a government directly on income, especially an annual tax on personal income.
    More example sentences
    • Most of our revenue is raised through income tax and income tax revenue declines with age.
    • I pay income tax and council tax, portions of which are spent on road maintenance.
    • Reducing marginal rates of income tax, shifting from direct to indirect taxes.

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Word of the day milord
Pronunciation: mɪˈlɔːd
noun
used to address an English nobleman