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Income tax   /ˈɪnkˌəm tæks/   Listen
Income tax

noun
1.
A personal tax levied on annual income.



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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

... L5.4.7 per cent. The interest begins at the end of the first year and the certificates can be cashed at any time at the Post Office with interest to the date of cashing. The War Savings Certificate has the additional advantage that its interest is free of income tax, and in a country where income tax begins above L120 ($600), and is then at rate of 2/3 in L1 (over 10 per cent) on earned income and 3/. on unearned, its advantage is very clear. The interest does not need to be included in income returns—but ...
— Women and War Work • Helen Fraser

... Fedralism wuz than an unborn baby does uv Guy Fawkes. We hev that solid army uv voters whose knees yawn hidjusly, and whose coats is out at elbows, and whose children go barefoot in winter, while their dads is a drinkin cheap whiskey, and damin the Goverment for imposin a income tax. We hev the patriotic citizins whose noses blossom like the lobster, and who live in mortal fear uv nigger ekality; and we hev John ...
— "Swingin Round the Cirkle." • Petroleum V. Nasby

... fashionable summer resort of Saratoga, consisting of an immense hotel, ballrooms, and gambling-rooms, and is said to have a profit of two millions of dollars (about L400,000) during the season.(88) He is mentioned as one of those who pay the most income tax. ...
— The Gaming Table: Its Votaries and Victims - Volume I (of II) • Andrew Steinmetz

... one only in name. It was in fact a roughly reckoned income tax, and the inhabitants of France were for its purposes divided into twenty-two classes, according to their supposed ability to pay. In the country, the amount demanded for this tax was usually proportioned to that of the personal taille. People who paid no taille were assessed according ...
— The Eve of the French Revolution • Edward J. Lowell

... felt with inward thanksgiving that no child could mean more to her mother. But long before this stage was reached came a great lightening of the burden of living. No longer would Frances cry over income tax returns, no longer would money worry her. Chauffeur as well as secretary Dorothy drove them both to London for engagements and through England and Europe on holidays or lecture tours. She went with them to America and handled the business of their second tour there. Now when friends rang ...
— Gilbert Keith Chesterton • Maisie Ward

... by an income tax of sixteen-pence in the pound—(I am underestimating safely—about a shilling in the pound would raise it really),—carried down to L156 a year without any reductions; while incomes of L1 a week paid eightpence weekly, and incomes of L2 a week paid twelvepence weekly. ...
— Speculations from Political Economy • C. B. Clarke



Words linked to "Income tax" :   FICA, surtax, bracket creep, withholding tax, supertax, revenue enhancement, taxation, withholding, tax, estimated tax



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