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EnglishEdit

EtymologyEdit

income +‎ tax

NounEdit

income tax (countable and uncountable, plural income taxes)

  1. A tax levied on earned and unearned income, net of allowed deductions.
    • 2008, David Mutimer, Canadian Annual Review of Politics and Public Affairs 2002 (page 220)
      The latest Tory budget continued the trend begun in 2000 by making further small cuts in family income taxes.

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