income tax

English

Etymology

income +‎ tax

Noun

income tax (countable and uncountable, plural income taxes)

  1. A tax levied on earned and unearned income, net of allowed deductions.
    • 2008, David Mutimer, Canadian Annual Review of Politics and Public Affairs 2002, page 220:
      The latest Tory budget continued the trend begun in 2000 by making further small cuts in family income taxes.

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