Definition of income tax noun from the Oxford Advanced Learner's Dictionary


income tax

BrE BrE//ˈɪnkʌm tæks//
; NAmE NAmE//ˈɪnkʌm tæks//
; BrE BrE//ˈɪnkəm tæks//
; NAmE NAmE//ˈɪnkəm tæks//
[uncountable, countable]
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the amount of money that you pay to the government according to how much you earn The standard rate of income tax was cut to 23p in the pound. federal income tax
See the Oxford Advanced American Dictionary entry: income tax