income tax

Noun
  1. A personal tax levied on annual income (synset 113331252)
    is a type of: revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
    subtypes:
    • bracket creep - a movement into a higher tax bracket as taxable income increases
    • estimated tax - income tax paid periodically on income that is not subject to withholding taxes; based on the taxpayer's predicted tax liability
    • fica - a tax on employees and employers that is used to fund the Social Security system
    • withholding, withholding tax - income tax withheld from employees' wages and paid directly to the government by the employer
    • supertax, surtax - an additional tax on certain kinds of income that has already been taxed

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