Tax income: meaning, definitions and examples

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tax income

 

[ หˆษชnkสŒm taks ]

Noun
Context #1 | Noun

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:

๐Ÿ‡ต๐Ÿ‡น renda tributรกvel

๐Ÿ‡ฎ๐Ÿ‡ณ เค•เคฐ เค†เคฏ

๐Ÿ‡ฉ๐Ÿ‡ช Steuereinkommen

๐Ÿ‡ฎ๐Ÿ‡ฉ pendapatan pajak

๐Ÿ‡บ๐Ÿ‡ฆ ะฟะพะดะฐั‚ะบะพะฒะธะน ะดะพั…ั–ะด

๐Ÿ‡ต๐Ÿ‡ฑ dochรณd podatkowy

๐Ÿ‡ฏ๐Ÿ‡ต ่ชฒ็จŽๆ‰€ๅพ—

๐Ÿ‡ซ๐Ÿ‡ท revenu fiscal

๐Ÿ‡ช๐Ÿ‡ธ ingreso fiscal

๐Ÿ‡น๐Ÿ‡ท vergi geliri

๐Ÿ‡ฐ๐Ÿ‡ท ์„ธ๊ธˆ ์†Œ๋“

๐Ÿ‡ธ๐Ÿ‡ฆ ุฏุฎู„ ุถุฑูŠุจูŠ

๐Ÿ‡จ๐Ÿ‡ฟ daลˆovรฝ pล™รญjem

๐Ÿ‡ธ๐Ÿ‡ฐ daลˆovรฝ prรญjem

๐Ÿ‡จ๐Ÿ‡ณ ็จŽๆ”ถๆ”ถๅ…ฅ

๐Ÿ‡ธ๐Ÿ‡ฎ davฤni dohodek

๐Ÿ‡ฎ๐Ÿ‡ธ skatttekjur

๐Ÿ‡ฐ๐Ÿ‡ฟ ัะฐะปั‹า›ั‚ั‹า› ั‚ะฐะฑั‹ั

๐Ÿ‡ฌ๐Ÿ‡ช แƒกแƒแƒ’แƒแƒ“แƒแƒกแƒแƒฎแƒแƒ“แƒ แƒจแƒ”แƒ›แƒแƒกแƒแƒ•แƒแƒšแƒ˜

๐Ÿ‡ฆ๐Ÿ‡ฟ vergi gษ™liri

๐Ÿ‡ฒ๐Ÿ‡ฝ ingreso fiscal

Etymology

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.