Meaning of "income tax" in the English dictionary

PRONUNCIATION OF INCOME TAX

income tax

GRAMMATICAL CATEGORY OF INCOME TAX

Income tax is a noun.

A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES INCOME TAX MEAN IN ENGLISH?

Income tax

An income tax is a government levy imposed on individuals or entities that varies with the income or profits of the taxpayer. Details vary widely by jurisdiction. Many jurisdictions refer to income tax on business entities as companies tax or corporation tax. Partnerships generally are not taxed; rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions thereof. Most jurisdictions exempt locally organized charitable organizations from tax. Income tax generally is computed as the product of a tax rate times taxable income. The tax rate may increase as taxable income increases. Tax rates may vary by type or characteristics of the taxpayer. Capital gains may be taxed at different rates than other income. Credits of various sorts may be allowed that reduce tax. Some jurisdictions impose the higher of an income tax or a tax on an alternative base or measure of income. Taxable income of taxpayers resident in the jurisdiction is generally total income less income producing expenses and other deductions. Generally, only net gain from sale of property, including goods held for sale, is included in income.

Definition of income tax in the English dictionary

The definition of income tax in the dictionary is a personal tax, usually progressive, levied on annual income subject to certain deductions.

TRANSLATION OF INCOME TAX

Find out the translation of income tax to 25 languages with our English multilingual translator.

The translations of income tax from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «income tax» in English.

• Translator English - Chinese: 所得税
• Translator English - Spanish: impuesto sobre la renta
• English: income tax
• Translator English - Hindi: आयकर
• Translator English - Arabic: ضَرِيبَةُ الدَّخْل
• Translator English - Russian: подоходный налог
• Translator English - Portuguese: imposto de renda
• Translator English - Bengali: আয়কর
• Translator English - French: impôt sur le revenu
• Translator English - Malay: cukai pendapatan
• Translator English - German: Einkommensteuer
• Translator English - Japanese: 所得税
• Translator English - Korean: 소득세
• Translator English - Javanese: Income tax
• Translator English - Vietnamese: thuế thu nhập
• Translator English - Tamil: வருமான வரி
• Translator English - Marathi: आयकर
• Translator English - Turkish: gelir vergisi
• Translator English - Italian: imposta sul reddito
• Translator English - Polish: podatek dochodowy
• Translator English - Ukrainian: прибутковий податок
• Translator English - Romanian: impozit pe venit
• Translator English - Greek: φόρος εισοδήματος
• Translator English - Afrikaans: inkomstebelasting
• Translator English - Swedish: inkomstskatt
• Translator English - Norwegian: inntektsskatt

10 QUOTES WITH «INCOME TAX»

Famous quotes and sentences with the word income tax.

1

Fred Allen

An income tax form is like a laundry list - either way you lose your shirt.

2

Milton Berle

I just filled out my income tax forms. Who says you can't get killed by a blank?

3

Jeffrey Bernard

A lot of girls annoy me who go to university - one girl told me she was going to Oxford because it was something to do between leaving school and getting married. And I've got to pay for that being an income tax payer.

4

Harry Browne

In the 1880s, people all over the world looked to America for inspiration. Its very existence was proof that it was possible to have a relatively free and peaceful country. No income tax, no foreign wars, no welfare state, no intrusions on civil liberties.

5

Harry Browne

I found that I was getting a warm reception for my message of freeing you from the income tax, releasing you from Social Security, ending the insane war on drugs, restoring gun rights, and reducing the federal government to just its constitutional functions.

6

Ken Buck

A consumption tax, a national sales tax makes some sense. But I think that if we move towards a Fair Tax, if we move towards a national sales tax, we have to make sure that we do away with the income tax.

7

Ken Buck

The corporate income tax, in particular, is a tax that puts American corporations at a disadvantage.

8

William F. Buckley, Jr.

I would like to electrocute everyone who uses the word 'fair' in connection with income tax policies.

9

P. Chidambaram

In income tax, there is no case for amnesty.

10

Arthur C. Clarke

The best measure of a man's honesty isn't his income tax return. It's the zero adjust on his bathroom scale.

10 ENGLISH BOOKS RELATING TO «INCOME TAX»

Discover the use of income tax in the following bibliographical selection. Books relating to income tax and brief extracts from same to provide context of its use in English literature.

J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 ...

Written by ateam of tax specialists, J.K. Lasser's Your Income Tax 2013 includes all theoutstanding features that have made this book the nation's all-time top-selling tax guide.

J.K. Lasser Institute, 2012

Federal Income Tax: Examples & Explanations

Using the proven technique of the Examples & Explanations series, this comprehensive guide combines textual material with well-written examples, explanations, and questions to test student comprehension of the materials and provide them ...

Joseph Bankman, Thomas D. Griffith, Katherine Pratt, 2008

Basic Federal Income Tax

CrunchTime provides a comprehensive topic breakdown and critical information review all in one tool.

Gwendolyn Griffith Lieuallen, 2009

Seidman's Legislative History of Federal Income Tax Laws, ...

Seidman, J[acob] S. Seidman's Legislative History of Federal Income Tax Laws 1938-1861. New York: Prentice-Hall, Inc., [1938]. xviii, 1166 pp. Reprinted 2003 by The Lawbook Exchange, Ltd. ISBN 1-58477-336-7.

‎2003

California Income Tax Manual (2008)

Important state tax issues, such as nexus, allocation and apportionment, and unitary group reporting (including combined reporting) all get substantial treatment in the book and special consideration is given to California rules that differ ...

Kathleen K. Wright, 2008

The Federal Income Tax

This was the first book to put the American federal income tax into its historical and political context. Acclaimed upon publication as a necessary supplement to the work of Seligman and Seidman, it is still an essential work.

Roy Gillispie Blakey, Gladys C. Blakey, 2006

Income Tax Fundamentals

Note. to. Students: Maximize. Your. Reading. Experience. xii. This book includes many short sections with examples to illustrate key points. After reading each section, including the examples, answer the Self-Study Problem at the end. You can ...

Gerald E. Whittenburg, Martha Altus-Buller, 2011

Income Tax and Central Sales Tax Law and Practice

Income Tax and Central Sales Tax presents an updated and comprehensive study of income tax laws.

Lal B. B., 2008

Income Tax Fundamentals 2014 (with H&R Block at Home CD-ROM)

Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.

Gerald Whittenburg, Martha Altus-Buller, Steven Gill, 2013

A Sourcebook of Income Tax Law in Tanzan

The author, a senior lecturer of law at the University of Dar es Salaam, addresses some complex and practical issues about income taxation in Tanzania.

F D a Makinyika Luoga, Luoga F. D. A. Makinyika, 2000

10 NEWS ITEMS WHICH INCLUDE THE TERM «INCOME TAX»

Find out what the national and international press are talking about and how the term income tax is used in the context of the following news items.

Brook Park considers income tax hike for fall ballot | cleveland.com

Coyne wants the Brook Park council to ask voters to hike the city income tax by half a percent and dedicate the increase to roads and sewers. «cleveland.com, Jul 15»

How to Improve the Earned Income Tax Credit | Economics21

This year is the 40th anniversary of the passage of the Earned Income Tax Credit (EITC). Signed into law by President Ford in 1975, the EITC ... «Economics21, Jul 15»

GOP lawmaker proposes severance, income tax hike to break …

Gene DiGirolamo, of Bensalem, wants to boost the state's personal income tax from the current 3.07 percent to 3.3 percent. Democratic Gov. «PennLive.com, Jul 15»

Military Pensions Now Exempt From State Income Tax - Hartford …

Fifty percent of the income from military pensions had already been exempt from the income tax. Legislators have now extended the benefit to ... «Hartford Courant, Jul 15»

UK Government Publishes Consultation on Deduction of Income Tax …

Peer2PeerLendingUK The UK Government has published a consultation paper on the deduction of income tax from interest on peer to peer ... «Crowdfund Insider, Jul 15»

Tax freeze for income tax, NICs and VAT rate - Lexology

As promised in the Conservative Party's manifesto, the basic, higher and additional income tax rates will stay at 20%, 40% and 45% ... «Lexology, Jul 15»

Kudos for N.J. low-income tax credit expansion; Thanks for … - NJ.com

To the Editor: Gov. Chris Christie's recent signing of legislation to increase the state Earned Income Tax Credit (EITC) from 20 to 30 percent is a ... «NJ.com, Jul 15»

Minimum Wage or Living Income? by Robert Skidelsky - Project …

In 1962, Friedman proposed a “negative income tax,” whereby people earning below a certain threshold would receive supplemental income ... «Project Syndicate, Jul 15»

Canfield residents to vote on income tax August 4th

The mayor says they chose an income tax over a levy because voters just recently passed a school levy. City manager, Joseph Warino, says canfield is also not ... «WFMJ, Jul 15»

Joe Hockey: Australia's income tax rate drives 'best and brightest …

The treasurer, Joe Hockey, outlines his plans for Australian tax reform at a PricewaterhouseCoopers lunch in Melbourne on Wednesday. «The Guardian, Jul 15»