Income tax

//ˈɪnˌkʌm tæks// noun

Definitions

Noun
  1. 1
    A tax levied on earned and unearned income, net of allowed deductions. countable, uncountable

    "The latest Tory budget continued the trend begun in 2000 by making further small cuts in family income taxes."

  2. 2
    a personal tax levied on annual income wordnet

Etymology

From income + tax.

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