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

Definition: Income Tax |
Income TaxNoun1. A personal tax levied on annual income. Source: WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved. |
| Domain | Definitions |
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. | |
(From Wikipedia, the free Encyclopedia)
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issued its first income tax on August 5, 1861 as part of the Revenue Act of 1861 (3% of all incomes over US $800; rescinded in 1872).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."
Synonym: Income TaxSynonym: Tax on income. (additional references) |
| Domain | Usage | |
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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Source: compiled by the editor from various references; see credits. | |||
| Thumbnail | Description & Credit | Thumbnail | Description & 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. | |||
| Author | Date | Quotation |
Communist Manifesto | 1848 | A heavy progressive or graduated income tax. (reference) |
Source: compiled by the editor from various references. | ||
| Subject | Topic | Quote |
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. | ||
| Speaker | Phrase(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. | |
| Speaker | Term | Phrase(s) |
Lyndon B. Johnson | 1963-1969 | Congress can reinforce this confidence by insuring that its procedures permit rapid action on temporary income tax cuts. |
Gerald Ford | 1974-1977 | I 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 | 1981-1989 | Let's remember that a substantial amount of income tax is presently owed and not paid by people in the underground economy. |
Bill Clinton | 1993-2001 | Instead 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 | 2001-2005 | By 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. | ||
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. |
| 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. |
| Expression | Frequency 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. | |
| 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 imposto sobre rendimento, imposto sobre os rendimentos do trabalho, ordenado (orderly, pay, salary, tidy, wage, wages). (various references) impozit pe venit, impozit de venituri. (various references) подоходный налог (income-tax, withholding tax). (various references) taksa na dohodak. (various references) impuesto sobre la renta. (various references) inkomstskatt. (various references) gelir vergisi (pay as you earn). (various references) | ||||||||||||||||||||||||||||||||||||||||||||||
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). | |
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. | |
Hexadecimal (or equivalents, 770AD-1900s) (references)49 6E 63 6F 6D 65      54 61 78 |
| Leonardo da Vinci (1452-1519; backwards) (references)
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Binary Code (1918-1938, probably earlier) (references)01001001 01101110 01100011 01101111 01101101 01100101 00100000 01010100 01100001 01111000 |
HTML Code (1990) (references)I n c o m e   T a x |
ISO 10646 (1991-1993) (references)0049 006E 0063 006F 006D 0065      0054 0061 0078 |
Encryption (beginner's substitution cypher): (references)4380698179712546790 |
| 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.