Income tax is the share of earnings taken by the state. Pay income tax, the income tax rate, cut income tax.
Britain introduced it in 1799 as a temporary measure to fund a war and has never removed it. It is charged in bands, so a higher rate applies only to the income above each threshold, which almost everybody misunderstands.
1nounincome taxThe share of earnings taken by the state.
“A big part of my salary goes on income tax.”
income tax is a tax.
Income plus tax, with the British tax first introduced in 1799.
From income + tax.
Etymology from Wiktionary, CC BY-SA
Practised in Politics & Society