INCOME TAX


Meaning of INCOME TAX in English

noun

1. : a tax on the net income of an individual or business concern (as a corporation)

2.

a. : a tax on gross income often levied as a payroll tax by a city

b. : a tax on gross operating revenue (as of a public utility)

Webster's New International English Dictionary.      Новый международный словарь английского языка Webster.