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Definition of Income tax
1. Noun. A personal tax levied on annual income.
Generic synonyms: Revenue Enhancement, Tax, Taxation
Specialized synonyms: Bracket Creep, Estimated Tax, Fica, Withholding, Withholding Tax, Supertax, Surtax
Specialized synonyms: Bracket Creep, Estimated Tax, Fica, Withholding, Withholding Tax, Supertax, Surtax
Definition of Income tax
1. Noun. A tax levied on earned and unearned income, net of allowed deductions. ¹
¹ Source: wiktionary.com
Medical Definition of Income tax
1. Tax on the net income of an individual, organization, or business. (12 Dec 1998)