- 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.
More definitions of income taxDefinition of income tax in:
- The British & World English dictionary