Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “income tax”

income tax

noun [C or U]
 
 
TAX a tax on the money that a person earns from working or that a company earns from the sale of products or services: business/corporate/personal income taxavoid/evade/pay income tax Several tax evaders got away with no penalties by agreeing to pay income tax for previous years.put up/increase/raise income tax Congress is highly unlikely to raise income tax in an election year. to cut/reduce/lower income tax The Chancellor proposed a 1p cut in the basic rate of income tax.
→ See also corporate income tax, federal income tax, individual income tax, negative income tax, personal income tax, state income tax
(Definition of income tax from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of income tax?
Add Cambridge dictionaries to your browser to your website

Definitions of “income tax” in other dictionaries

Word of the Day

maiden

a girl or young woman

Word of the Day

Countability – grammar codes

by Dom Glennon​​,
November 26, 2014
Advices and informations Have you ever noticed strange codes in square brackets on entries in Cambridge Dictionaries Online and wondered what they mean? These are grammar codes, giving you a brief summary of how that word behaves grammatically. More information can be obtained by hovering your cursor over the code, and there’s

Read More 

ped-text verb

November 24, 2014
to text someone while walking I’m ped-texting, I’m looking down at my phone, 75 percent of the time.

Read More