Examples of income tax in a Sentence
Federal income tax will be deducted from your pay.
The new law will lower income taxes for most taxpayers.
Recent Examples on the Web
Arkansas' top individual income tax rate was cut earlier this year from 4.4% to 3.9%, and the top corporate rate from 4.8% to 4.3%.
—
Worth Sparkman, Axios, 22 Nov. 2024
An investor who is in the 32% income tax bracket holding a muni bond with a tax-free yield of 3% would need to find a taxable issue with a 4.41% yield in order to generate the same level of income.
—Jesse Pound, CNBC, 21 Nov. 2024
Roughly speaking, the task force is recommending property tax credits for seniors, larger property tax exemptions for small businesses, enabling large municipalities to adopt their own local income tax, and reducing the cap on local income taxes.
—Kayla Dwyer, The Indianapolis Star, 21 Nov. 2024
If the income tax cuts aren't extended, the affected brackets will revert to pre-TCJA levels.
—Medora Lee, USA TODAY, 18 Nov. 2024
See all Example Sentences for income tax 
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Worth Sparkman, Axios, 22 Nov. 2024
An investor who is in the 32% income tax bracket holding a muni bond with a tax-free yield of 3% would need to find a taxable issue with a 4.41% yield in order to generate the same level of income.
—Jesse Pound, CNBC, 21 Nov. 2024
Roughly speaking, the task force is recommending property tax credits for seniors, larger property tax exemptions for small businesses, enabling large municipalities to adopt their own local income tax, and reducing the cap on local income taxes.
—Kayla Dwyer, The Indianapolis Star, 21 Nov. 2024
If the income tax cuts aren't extended, the affected brackets will revert to pre-TCJA levels.
—Medora Lee, USA TODAY, 18 Nov. 2024
See all Example Sentences for income tax
Dictionary Entries Near income tax
Cite this Entry
“Income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/income%20tax. Accessed 1 Dec. 2024.
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