income tax Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “income tax” in the English Dictionary

"income tax" in American English

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income taxnoun [C/U]

 us   /ˈɪn·kʌm ˌtæks, -kəm/
social studies a tax on the ​money that a ​personearns from ​working: federal, ​state, and ​local income taxes
(Definition of income tax from the Cambridge Academic Content Dictionary © Cambridge University Press)

"income tax" in Business English

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income taxnoun [C or U]

uk   us  
TAX a ​tax on the ​money that a ​personearns from ​working or that a ​companyearns from the ​sale of ​products or ​services: business/​corporate/​personalincometaxavoid/evade/pay income tax Several ​tax evaders got away with no ​penalties by ​agreeing to ​payincometax for previous ​years.put up/increase/raise income tax Congress is ​highly unlikely to ​raiseincometax in an ​electionyear. to ​cut/​reduce/​lowerincometax The ​Chancellorproposed a 1p ​cut in the basic rate of ​incometax.
(Definition of income tax from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “income tax”
in Arabic ضَريبة الدَّخْل…
in Korean 소득세…
in Portuguese imposto de renda…
in Catalan impost sobre la renda…
in Japanese 所得税…
in Chinese (Simplified) (个人)所得税…
in Turkish gelir vergisi…
in Russian подоходный налог…
in Chinese (Traditional) (個人)所得稅…
in Italian imposta sul reddito…
in Polish podatek dochodowy…
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