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Income tax

💡 Words with a Similar Meaning to "Income tax"

Found via reverse dictionary — words that share a conceptual meaning.

WordDefinition
income tax returnnounAn official document that income tax payers are required to complete to state income amounts, deductions, contributions and related financial information for tax purposes.
wealth taxnounAny tax which depends on the taxpayer's total assets, including cash, financial assets, and personal possessions.
inheritance taxnounA tax based on the value of the property of a deceased person, and charged on the beneficiaries of the estate.
tax shieldnounThe 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 taxnounA 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.
deductionnounA sum that can be removed in tax calculations, usually from the taxable amount; something that is written off.
estate taxnounA tax based on the value of the property of a deceased person, and charged on the personal representatives of the deceased.
withholding taxnounA 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 valuenounThe assessed value of an asset from which the tax owing is computed.
double taxationnounThe levying of tax by two or more jurisdictions on the same income.
withholdingnounThe deduction of taxes from an employee's salary.
thresholdnounThe lowermost part of a doorway that one crosses to enter; a sill.
tax creditnounA 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 taxnounA tax imposed on employers or employees, usually calculated as a percentage of salary.

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