income tax

income tax — n: a tax on the net income of an individual or a business compare excise, property tax Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

Income tax — Income In come, n. 1. A coming in; entrance; admittance; ingress; infusion. [Obs.] Shak. [1913 Webster] More abundant incomes of light and strength from God. Bp. Rust. [1913 Webster] At mine income I louted low. Drant. [1913 Webster] 2. That… …   The Collaborative International Dictionary of English

income tax — income ,tax noun count or uncount * a tax based on your income that you pay to the IRS once a year or every three months: the basic/higher rate of income tax …   Usage of the words and phrases in modern English

income tax — n. a tax on income or on that part of income which exceeds a certain amount …   English World dictionary

income-tax — [inkɔmtaks] n. m. ÉTYM. 1803 1804; incometax, attestation isolée, 1801, in Höfler; mot angl., de income « revenu », et tax « taxe, impôt ». ❖ ♦ Didact. Dans les pays de langue anglaise, Impôt sur le revenu …   Encyclopédie Universelle

income tax — ► NOUN ▪ tax levied directly on personal income …   English terms dictionary

income tax — income taxes N VAR Income tax is a certain percentage of your income that you have to pay regularly to the government …   English dictionary

income tax — n [U] tax paid on the money that you earn …   Dictionary of contemporary English

income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

Income tax — Public financeAn income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or… …   Wikipedia

income tax — A state or federal government s levy on individuals as personal income tax and on the earnings of corporations as corporate income tax. Bloomberg Financial Dictionary * * * income tax ˈincome tax noun [countable, uncountable] TAX in Britain, a… …   Financial and business terms