Dictionary

income tax

noun

: a tax paid on the money that a person or business receives as income

Full Definition of INCOME TAX

:  a tax on the net income of an individual or a business
ADVERTISEMENT

First Known Use of INCOME TAX

1799
INCOME TAX Defined for Kids

income tax

noun

Definition of INCOME TAX for Kids

:  a tax on the income of a person or business

Browse

2 ENTRIES FOUND:
Next Word in the Dictionary: incoming (noun)Previous Word in the Dictionary: income splittingAll Words Near: income tax
ADVERTISEMENT
How to use a word that (literally) drives some people nuts.
Test your vocab with our fun, fast game
Ailurophobia, and 9 other unusual fears