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income tax

Syllabification: in·come tax

Definition of income tax in English:

noun

Tax levied by a government directly on income, especially an annual tax on personal income.
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.

Definition of income tax in:

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