LanGeekLanGeek Dictionary

Income tax

British pronunciation/ˈɪnkʌm tˈaks/
American pronunciation/ˈɪnkʌm tˈæks/
Income tax
[NOUN]
1

a tax paid to the government each year by a business or an individual based on their income

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Examples
1The company's income tax arrangement has been denounced as a sweetheart deal.
2French citizens pay significantly more income tax than Americans.
3For nearly 100 years, our country had no income tax.
4Income tax exemptions were lowered to 130 pounds.
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