Definition of
income tax
tax on money received a tax levied directly on the income of a person or a company and paid to a local, state, or federal government.
Related definitions of "income tax"
- Abbr IT
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tax on money received a tax levied directly on the income of a person or a company and paid to a local, state, or federal government.
Definitions of ’income tax’ and meaning of ’income tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’income tax’ and other financial terms with our online QFINANCE Financial Dictionary.