💡 Words with a Similar Meaning to "Income tax"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| income tax returnnoun | An official document that income tax payers are required to complete to state income amounts, deductions, contributions and related financial information for tax purposes. |
| wealth taxnoun | Any tax which depends on the taxpayer's total assets, including cash, financial assets, and personal possessions. |
| inheritance taxnoun | A tax based on the value of the property of a deceased person, and charged on the beneficiaries of the estate. |
| tax shieldnoun | The reduction in income taxes that results from taking an allowable deduction from taxable income. |
| direct taxnoun | (taxation) A tax imposed upon a person or property as distinct from a tax imposed upon a transaction. |
| negative income taxnoun | A progressive income tax system in which people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government. |
| deductionnoun | A sum that can be removed in tax calculations, usually from the taxable amount; something that is written off. |
| estate taxnoun | A tax based on the value of the property of a deceased person, and charged on the personal representatives of the deceased. |
| withholding taxnoun | A withholding; a tax withheld from employees' salary and paid to the government. The withheld amount is considered a credit in final taxation. |
| tax duenoun | (taxation) The total amount a taxpayer must pay to the government or other entity. |
| tax returnnoun | (finance) A declaration of income etc. for tax purposes: a report of income, deductions, contributions, and related financial information filed by a taxpayer with a national or local tax authority, used by the authority to determine the amount of taxation, usually consisting of forms completed by the taxpayer |
| contribution basenoun | (tax law) The adjusted gross income of a taxpayer, excluding any deductions for net operating loss carrybacks. |
| tax valuenoun | The assessed value of an asset from which the tax owing is computed. |
| double taxationnoun | The levying of tax by two or more jurisdictions on the same income. |
| withholdingnoun | The deduction of taxes from an employee's salary. |
| thresholdnoun | The lowermost part of a doorway that one crosses to enter; a sill. |
| tax creditnoun | A tax incentive which allows certain taxpayers to subtract the amount of the credit they have accrued from the total they owe. |
| use taxnoun | (US) A charge imposed on the use or possession of personal property, usually the acquisition of property from in one state but its use in another. |
| land taxnoun | (economics) A levy on the value of land without regard to buildings, personal property and other improvements. |
| payroll taxnoun | A tax imposed on employers or employees, usually calculated as a percentage of salary. |
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