The most popular online dictionary and thesaurus for learners of English
income tax
noun [C or U]Definition
› 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 Note 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 noun from the Cambridge Business English Dictionary
© Cambridge University Press)
Focus on the pronunciation of income tax
Browse the Thesaurus
More Results for “income tax”
Word of the Day
Blog
Read our blog about how the English language behaves.
New Words
Find words and meanings that have just started to be used in English, and let us know what you think of them.
