Tax income: meaning, definitions and examples
๐ธ
tax income
[ หษชnkสm taks ]
financial
Income tax is a type of tax that governments impose on income generated by businesses and individuals within their jurisdiction. It is usually calculated as a percentage of the taxable income earned by the taxpayer.
Synonyms
personal tax, tax on income
Examples of usage
- The government collects income tax from employees' salaries.
- Entrepreneurs need to file their income tax returns annually.
- Income tax rates may vary depending on the amount of income earned.
Translations
Translations of the word "tax income" in other languages:
๐ต๐น renda tributรกvel
๐ฎ๐ณ เคเคฐ เคเคฏ
๐ฉ๐ช Steuereinkommen
๐ฎ๐ฉ pendapatan pajak
๐บ๐ฆ ะฟะพะดะฐัะบะพะฒะธะน ะดะพั ัะด
๐ต๐ฑ dochรณd podatkowy
๐ฏ๐ต ่ชฒ็จๆๅพ
๐ซ๐ท revenu fiscal
๐ช๐ธ ingreso fiscal
๐น๐ท vergi geliri
๐ฐ๐ท ์ธ๊ธ ์๋
๐ธ๐ฆ ุฏุฎู ุถุฑูุจู
๐จ๐ฟ daลovรฝ pลรญjem
๐ธ๐ฐ daลovรฝ prรญjem
๐จ๐ณ ็จๆถๆถๅ ฅ
๐ธ๐ฎ davฤni dohodek
๐ฎ๐ธ skatttekjur
๐ฐ๐ฟ ัะฐะปัาััา ัะฐะฑัั
๐ฌ๐ช แกแแแแแแกแแฎแแแ แจแแแแกแแแแแ
๐ฆ๐ฟ vergi gษliri
๐ฒ๐ฝ ingreso fiscal
Word origin
The concept of income tax has a long history, with ancient civilizations such as Egypt, Greece, and Rome having some form of income taxation. However, modern income tax systems began to emerge in the 19th century, with the United Kingdom introducing the first modern income tax law in 1842. Over time, income tax has become a significant source of revenue for governments around the world, playing a crucial role in financing public services and government activities.