INCOME TAX • E-FREE TRANSLATION.COM • Definition of Income tax

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/ˈɪnkˌəm tæks/ Listen

noun

Income n.

1.

A coming in; entrance; admittance; ingress; infusion. (Obs.) "More abundant incomes of light and strength from God." "At mine income I louted low."

2.

That which is caused to enter; inspiration; influence; hence, courage or zeal imparted. (R.) "I would then make in and steep My income in their blood."

3.

That gain which proceeds from labor, business, property, or capital of any kind, as the produce of a farm, the rent of houses, the proceeds of professional business, the profits of commerce or of occupation, or the interest of money or stock in funds, etc.; revenue; receipts; salary; especially, the annual receipts of a private person, or a corporation, from property; as, a large income. "No fields afford So large an income to the village lord."

4.

(Physiol.) That which is taken into the body as food; the ingesta; sometimes restricted to the nutritive, or digestible, portion of the food. See Food. Opposed to output.

Income bond, a bond issued on the income of the corporation or company issuing it, and the interest of which is to be paid from the earnings of the company before any dividends are made to stockholders; issued chiefly or exclusively by railroad companies.

Income tax, a tax upon a person's incomes, emoluments, profits, etc., or upon the excess beyond a certain amount.

Synonyms: Gain; profit; proceeds; salary; revenue; receipts; interest; emolument; produce.

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Etymology of 'Income tax'

Collaborative International Dictionary of English 0.48

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"Income tax" Quotes from Famous Books

... of income tax, inasmuch as it is a rate levied ostensibly on the wealth of individuals; but, instead of being a per centage on the income, it has resolved itself into a mere capitation tax, and is ill-adapted, as such a tax must always be, to the relative wealth of individuals. A certain sum was arbitrarily ...

— Herzegovina - Or, Omer Pacha and the Christian Rebels • George Arbuthnot

... well as following the previous government's policies of maintaining low inflation and a current account surplus. The coalition also vows to maintain a stable currency. The coalition has lowered marginal income tax rates while maintaining overall tax revenues; boosted industrial competitiveness through labor market and tax reforms; increased research and development funds; and improved welfare services for the neediest while cutting paperwork and delays. Denmark chose not to join the 11 other ...

— The 2000 CIA World Factbook • United States. Central Intelligence Agency.

... the corresponding Programme for the kingdom." This is the opening sentence, and it is followed by a page of explanation of the oppression of the workers by the private appropriation of rent and interest, and an outline of the proposed reforms, graduated and differentiated income tax, increased death duties, extension of the Factory Acts, reform of the Poor Law, payment of all public representatives, adult suffrage, and ...

— The History of the Fabian Society • Edward R. Pease

... compliments inflated I've a withering reply; And vanity I always do my best to mortify; A charitable action I can skilfully dissect: And interested motives I'm delighted to detect. I know everybody's income and what everybody earns, And I carefully compare it with the income tax returns; But to benefit humanity, however much I plan, Yet everybody says I'm such a disagreeable man! And I ...

— Bab Ballads and Savoy Songs • W. S. Gilbert

... French Revolution, apart from its political significance, was an attempt made by the French people, in 1793 and 1794, in three different directions more or less akin to Socialism. It was, first, the equalization of fortunes, by means of an income tax and succession duties, both heavily progressive, as also by a direct confiscation of the land in order to sub-divide it, and by heavy war taxes levied upon the rich only. The second attempt was a sort of Municipal Communism as regards the ...

— The Conquest of Bread • Peter Kropotkin

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