Income Tax

  

Copyright © Philip M. Parker, INSEAD. Terms of Use.

Income Tax

Definition: Income Tax

Income Tax

Noun

1. A personal tax levied on annual income.

Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.
 



Specialty Definitions: Income Tax

DomainDefinitions

Electrical Engineering

The process by which certain characteristics of one wave are modulated or modified in accordance with a characteristic of another wave or signal. Source: European Union. (references)

Finance

The tax on a person's income. Source: European Union. (references)

Health

Tax on the net income of an individual, organization, or business. (references)

Source: compiled by the editor from various references; see credits.

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Specialty Definition: Income tax

(From Wikipedia, the free Encyclopedia)

Income tax is a direct tax which is levied on the income of private individuals. Various income tax systems exist. Those range from a flat tax to an extensive progressive tax system.

Taxes levied on the income of companies is called corporate tax or corporation tax.

In order to help pay for its war effort in the American Civil War, the United States government issued its first income tax on August 5, 1861 as part of the Revenue Act of 1861 (3% of all incomes over US $800; rescinded in 1872).

see also tax return, Tax Freedom Day, PAYE

Source: adapted by the editor from Wikipedia, the free encyclopedia under a copyleft GNU Free Documentation License (GFDL) from the article "Income tax."

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Synonym: Income Tax

Synonym: Tax on income. (additional references)

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.

Crosswords: Income Tax

English words defined with "income tax": absorbburdensomedeclaration of estimated tax, deductible, deductionestimated tax, estimated tax return, excise, excise taxfalse return, franchise taxincome tax bracket, income tax returnLaffer curveonerousratables, rateables, return, revenue sharingsupertax, surtaxtax deduction, tax return, taxing, timelywithholding, withholding tax. (references)
Specialty definitions using "income tax": accelerated depreciation, ACCOUNTANT, PROPERTY, ACCOUNTANT, TAX, accumulated earnings tax, accumulated profits tax, all savers certificate, Alternative Measures of income, alternative minimum tax, AUDITOR, TAXbracket creep, bracket progressioncarryforward, cessation adjustment, complementary tax, corporate income taxdeemed interest, depletion allowance, DIRECTOR, REVENUEemployee tax, envy taxfederal income tax, federal withholding tax, franked income, free of income taxgeneral income tax, global income tax, global tax, graduated income tax, graduated tax, graduated taxationimputation method, imputation system, income tax on wages, income-tax-return preparerKeogh accountLOAN INTERVIEWER, MORTGAGE, loan officernotional assessmentonus on taxpayerpresumptive income, progressive taxation, Public Housingrelief., REVENUE AGENTsingle person, solidarity tax on wealthtax agent, TAX ATTORNEY, tax credit method, tax deducted at source, tax form preparer, TAX PREPARER, tax reduction, tax representative, tax saving credit, tax sparing, taxable year, tax-deferred annuity, tax-deferred income, transportation taxUniform Gift to Minors Actwage tax, withholding agent. (references)

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Modern Usage: Income Tax

DomainUsage

Screenplays

Don't be melodramatic. Tell me. Would you really feel any pity if one of those dots stopped moving forever? If I offered you twenty thousand pounds for every dot that stopped, would you really, old man, tell me to keep my money? Or would you calculate how many dots you could afford to spare? Free of income tax, old man. Free of income tax - the only way you can save money nowadays. (The Third Man; writing credit: Graham Greene; Alexander Korda)

(Still reading) Because I figure out your Income Tax for free. (Something Wilder; writing credit: Ralph Farquhar; Gary Hardwick)

Movie/TV Titles

Income Tax Sappy (1954)

How to Figure Income Tax (1938)

Source: compiled by the editor from various references; see credits.

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Commercial Usage: Income Tax

DomainTitle

Books

  • Federal Income Tax Exam Pro (reference)

  • H & R Block 2002 Income Tax Guide: Preparing America's Taxes for Over 45 Years (reference)

  • Income Tax Fundamentals 2002 (reference)

  • Income Tax Guide for Ministers and Religious Workers 2002: (For 2001 Tax Year) (reference)

  • J. K. Lasser's Your Income Tax 2002 (reference)

    (more book examples)

  

Periodicals

  • Statistics Of Income - Corporation Income Tax Returns (reference)

  • Income Tax & Financial Planning Quickfinder Handbook (reference)

  • Arizona Master Income Tax Guide (reference)

  • Bank Income Tax Return Manual (reference)

    (more periodical examples)

  

Theater & Movies

Source: compiled by the editor from various references; see credits.

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Photo Album: Income Tax

ThumbnailDescription & CreditThumbnailDescription & Credit

Try to make out my theory and your income tax work will look simple! / Berryman.Credit: Library of Congress.

Robbers, "excess profits tax" and "income tax," beating up the consumer.Credit: Library of Congress.

Winter pastimes. Thinking how much more wisely you could spend the amount of your income tax than ...Credit: Library of Congress.

Wanted for violation of federal income tax law [...].Credit: Library of Congress.

West Danville, Vermont. Mr. Hasings in his general store, figuring up, says, "You can't carry on a business, especially nowadays, without a lot of book work. But whether it is for income tax or making up price lists for cost of living comodities, it is al.Credit: Library of Congress.

Calvin Coolidge signing the income tax bill, also known as the Mellon tax bill. Secretary of the Treasury Andrew Mellon is the third figure from the right, and Director of the Budget, General Herbert Mayhew Lord, is to Mellon's left.Credit: Library of Congress.

This family pays too much income tax : Britain would be better off with the Conservatives.Credit: Library of Congress.

  

Source: compiled by the editor from various references; see credits.

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Historic Usage: Income Tax

AuthorDateQuotation

Communist Manifesto

1848

A heavy progressive or graduated income tax. (reference)

Source: compiled by the editor from various references.

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Non-Fiction Usage: Income Tax

SubjectTopicQuote

Business

Domestic banks pay no income tax. (references)

This tax can be credited against a firm's income tax liabilities. (references)

Current income tax relief for CHP aggregates applies only to small operations. (references)

Civil Liberties

Finland

All citizens belonging to one of the two state churches pay, as part of their income tax, a church tax. (references)

Spain

Protestant and Muslim leaders would like their communities to receive government support through an income tax allocation or other designation. (references)

Spain

For example, the government income tax form includes a box that allows taxpayers to assign 0.5239 percent of their taxes to the Catholic Church. (references)

Economic History

Kuwait

Kuwait levies no personal income tax. (references)

Hungary

Hungary has high individual income tax levels. (references)

Qatar

Table 3.1 shows the corporate income tax structure. (references)

Political Economy

UNITED ARAB EMIRATES

There is no income tax in the UAE. (references)

JORDAN

Re-invested profits are exempt from income tax. (references)

HUNGARY

Corporate income tax remains low at 18 percent. (references)

Trade

Argentina

VAT and Profits Tax are deductible from gross income tax. (references)

Tanzania

Advance payment of Income tax prior to start business has been abolished. (references)

Argentina

Please notice that VAT and Profits Tax are deductible from gross income tax. (references)

Travel

Chad

Customs duties are based on the following duty schedule: 30 percent Import Tariff; VAT Tax 18 percent, 2 percent for a license fee ("redevance") and 4 percent Income Tax. (references)

Women

Malaysia

In matters of income tax, government pension benefits, and transmission of citizenship, women are disadvantaged. (references)

Indonesia

Women often are not provided the extra benefits and salary that men are given when they are the heads of households, and in many cases do not receive employment benefits for their family members, such as medical insurance and income tax deductions. (references)

Worker Rights

United Kingdom

No family earning less than $380 (255 pounds) per week is obligated to pay income tax. (references)

Russia

A flat 13 percent personal income tax, which became effective January 1, appeared to reduce incentives of enterprises not to report actual wages; tax collection increased in nominal terms by 36 percent during the first 11 months of the year. (references)

Source: compiled by the editor from ICON Group International, Inc.; see credits.

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Spoken Usage: Income Tax

SpeakerPhrase(s)

Rush Limbaugh

More Russians are paying income tax, thanks to Vladimir Putin taking a page out of the Steve Forbes economic textbook.

Source: compiled by the editor from various references; see credits.

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Speeches: Income Tax

SpeakerTermPhrase(s)

Lyndon B. Johnson

1963-1969Congress can reinforce this confidence by insuring that its procedures permit rapid action on temporary income tax cuts.

Gerald Ford

1974-1977I propose tax changes to encourage people to invest in America's future, and their own, through a plan that gives moderate-income families income tax benefits if they make long-term investments in common stock in American companies.

Ronald Reagan

1981-1989Let's remember that a substantial amount of income tax is presently owed and not paid by people in the underground economy.

Bill Clinton

1993-2001Instead of taxing people with modest incomes into poverty, we helped them to work their way out of poverty by dramatically increasing the earned income tax credit.

George W. Bush

2001-2005By speeding up the income tax cuts, we will speed economic recovery and the pace of job creation.

Source: compiled by the editor from various references.

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Expressions: Income Tax

Expressions using "income tax": corporate income tax federal income tax file an income tax return free of income tax general income tax global income tax graduated income tax income tax bracket income tax on wages income tax refund income tax return. Additional references.

Source: compiled by the editor from various references; see credits.

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Frequency of Internet Keywords: Income Tax

The following statistics estimate the number of searches per day across the major English-language search engines as identified by various trade publications. Hyperlinks lead to commercial use of the expression at Amazon.com.
 
ExpressionFrequency
per Day

income tax

2,247

federal income tax

1,492

income tax form

500

income tax preparation

350

state income tax

349

income tax return

223

income tax refund

157

income tax rate

152

canada income tax

149

new york state income tax

147

income tax calculator

146

income tax bracket

142

income tax rebate

114

canadian income tax

100

georgia income tax

76

california income tax

75

california state income tax

74

alabama state income tax

73

income tax refunds

69

income tax table

68
Source: compiled by the editor from various references; see credits.

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Modern Translations: Income Tax

Language Translations for "income tax"; alternative meanings/domain in parentheses.

Albanian

  

taksë mbi të ardhurat. (various references)

   

Arabic 

  

‏ضريبة الدخل. (various references)

   

Bulgarian 

  

подоходен данък, данък общ доход. (various references)

   

Chinese 

  

所得稅 (tax on one's gains; income tax). (various references)

   

Czech

  

daò z příjmu. (various references)

   

Danish

  

indkomstskat (corporation tax, income taxes, wage tax). (various references)

   

Dutch

  

Inkomstenbelasting (general income tax, global income tax, global tax), IB. (various references)

   

Finnish

  

tulovero. (various references)

   

French

  

IR (Infra-red), Impôts sur le revenu, impôt sur les revenus professionnels, impôt sur le revenu, impôt sur la revenu. (various references)

   

German

  

Einkommensteuer. (various references)

   

Greek 

  

φόροσ εισοδήματοσ, φόρος εισοδήματος από εργασία, φόρος εισοδήματος (corporation tax, income taxes). (various references)

   

Hebrew 

  

מס "כ ס" (irs), "ו'ח ש תי. (various references)

   

Hungarian

  

jövedelemadó (income-tax). (various references)

   

Italian

  

imposta sul reddito. (various references)

   

Japanese Kanji 

  

所得税 , イメージ調査 (99.999999999 percent., bad bounce, bad hop, ear protector, ear valve, earmark, earphone, earring, eleven, eleven nines, eraser, eruption, Ile de France, illegal, Illinois, illumination, illumination control, illusion, illustrated map, illustration, illustrator, image change, image survey, in, include, income, income gain, increment, incremental, incremental business, incubate, incubation, incubator, ink, inn, Iran, Iraq, iridium, irony, Iroquois, irrational, irregular, irregular bound, yearbook, year-round fashion). (various references)

   

Japanese Katakana 

  

しょとくぜい, インカ タックス . (various references)

   

Manx

  

keesh cheet stiagh. (various references)

   

Pig Latin

  

incomeay axtay

   

Portuguese

  

imposto sobre rendimento, imposto sobre os rendimentos do trabalho, ordenado (orderly, pay, salary, tidy, wage, wages). (various references)

   

Romanian

  

impozit pe venit, impozit de venituri. (various references)

   

Russian 

  

подоходный налог (income-tax, withholding tax). (various references)

   

Serbo-Croatian

  

taksa na dohodak. (various references)

   

Spanish

  

impuesto sobre la renta. (various references)

   

Swedish

  

inkomstskatt. (various references)

   

Turkish

  

gelir vergisi (pay as you earn). (various references)

Source: compiled by the editor from various translation references.

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Misspellings: Income Tax

Misspellings

"Income Tax" is suggested in spellcheckers for the following: imcome tax. (additional references)

Source: compiled by the editor, based on several corpora (additional references).

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Anagrams: Income Tax

Scrabble® Enable2K-Verified Anagrams

Words within the letters "a-c-e-i-m-n-o-t-x"

-1 letter: anoxemic, coinmate, exaction, toxaemic.

-2 letters: aconite, amniote, centimo, encomia, exciton, exotica, inexact, nematic, taxemic, taximen, tonemic, toxemia, toxemic.

-3 letters: acetin, action, aeonic, anemic, anomic, anomie, anoxic, atomic, atonic, axenic, axonic, camion, cation, centai, cinema, comate, enatic, etamin, exonic, exotic, iceman, income, inmate, manioc, manito, mantic, noetic, notice, octane, omenta, tamein, taxmen, toxine.

-4 letters: actin, ament, amice, amine, amino, amnic, amnio, anime, antic, atone, axiom, axion, axite, axmen, axone, cameo, canoe, canto, cento, cimex, coati, comae, comet, comix, comte, conte, cotan, coxae, enact, entia, exact, macon, manic, matin, meant, menta, minae, mince, monie, monte, moxie, oaten, ocean, octan, ontic, oxime, taxon, tenia, tinea, toman, tonic, toxic, toxin, xenia, xenic.

-5 letters: acme, acne, aeon, amen, amie, amin, ante, anti, atom, axon, cain, came, cane, cant, cate, cent, ciao, cine, cion, cite, coat, coax, coin, coma, come, cone, coni, cote, coxa, emic, emit, etic, etna, exam, exit, exon, icon, into, iota, item, mace, main, mane, mano, mate, maxi, mean, meat, meno, meta, mica, mice, mien, mina, mine, mint, minx, mite, mixt, moan, moat, mote, moxa, name, naoi, neat, nema, next, nice, nite, nixe, noma, nome, nota, note, omen, omit, once, otic, oxen, oxim, tace, taco, tain, tame, taxi, team, time, tine, toea, tome, tone.

 Words containing the letters "a-c-e-i-m-n-o-t-x"
 

+2 letters: axonometric, exclamation.

 

+3 letters: complexation, exclamations.

 

+4 letters: complexations, excommunicate.

 

+5 letters: chemotaxonomic, cytotaxonomies, exceptionalism, excommunicated, excommunicates, excommunicator, extraembryonic.

Source: compiled by the editor from various references; see credits.

SCRABBLE® is a registered trademark. All intellectual property rights in and to the game are owned in the U.S.A and Canada by Hasbro Inc., and throughout the rest of the world by J.W. Spear & Sons Limited of Maidenhead, Berkshire, England, a subsidiary of Mattel Inc. Mattel and Spear are not affiliated with Hasbro.

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Alternative Orthography: Income Tax


Hexadecimal (or equivalents, 770AD-1900s) (references)

49 6E 63 6F 6D 65      54 61 78

Leonardo da Vinci (1452-1519; backwards) (references)

    

Binary Code (1918-1938, probably earlier) (references)

01001001 01101110 01100011 01101111 01101101 01100101 00100000 01010100 01100001 01111000

HTML Code (1990) (references)

&#73 &#110 &#99 &#111 &#109 &#101 &#32 &#84 &#97 &#120

ISO 10646 (1991-1993) (references)

0049 006E 0063 006F 006D 0065      0054 0061 0078

Encryption (beginner's substitution cypher): (references)

4380698179712546790

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INDEX

1. Definition
2. Synonyms
3. Crosswords
4. Usage: Modern
5. Usage: Commercial
6. Images: Photo Album
7. Quotations: Historic
8. Quotations: Non-fiction
9. Quotations: Spoken
10. Quotations: Speeches
11. Expressions
12. Expressions: Internet
13. Translations: Modern
14. Derivations
15. Anagrams
16. Orthography
17. Bibliography


  

Copyright © Philip M. Parker, INSEAD. Terms of Use.