INCOME TAX • FREE TRANSLATOR.ORG • Definition of Income tax

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/ˈɪnkˌəm tæks/ Listen

noun

Income n.

1.

A coming in; entrance; admittance; ingress; infusion. (Obs.) "More abundant incomes of light and strength from God." "At mine income I louted low."

2.

That which is caused to enter; inspiration; influence; hence, courage or zeal imparted. (R.) "I would then make in and steep My income in their blood."

3.

That gain which proceeds from labor, business, property, or capital of any kind, as the produce of a farm, the rent of houses, the proceeds of professional business, the profits of commerce or of occupation, or the interest of money or stock in funds, etc.; revenue; receipts; salary; especially, the annual receipts of a private person, or a corporation, from property; as, a large income. "No fields afford So large an income to the village lord."

4.

(Physiol.) That which is taken into the body as food; the ingesta; sometimes restricted to the nutritive, or digestible, portion of the food. See Food. Opposed to output.

Income bond, a bond issued on the income of the corporation or company issuing it, and the interest of which is to be paid from the earnings of the company before any dividends are made to stockholders; issued chiefly or exclusively by railroad companies.

Income tax, a tax upon a person's incomes, emoluments, profits, etc., or upon the excess beyond a certain amount.

Synonyms: Gain; profit; proceeds; salary; revenue; receipts; interest; emolument; produce.

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Etymology of 'Income tax'

Collaborative International Dictionary of English 0.48

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"Income tax" Quotes from Famous Books

... providing for a dividend at the rate of 6 L. 10s. per cent, the rest will stand at 3,035,838 L.. 18s. 11d. The court of directors, therefore, propose that a half-yearly dividend of interest and profits, to the amount of 6 L. 10s. per cent, without deduction on account of income tax, shall be made on the 10th of October next. That is the proposal I have now to lay before the general court; but as important events have occurred since we last met, I think it right I should briefly advert to them upon this occasion. A great strain has within the last few months ...

— Lombard Street: A Description of the Money Market • Walter Bagehot

... information, though for the most part we hold very emphatic opinions on the subject. I am quite certain that it may be laid down for a general rule that the Butler prefers indirect to direct taxation. He certainly would not reduce salt and customs duties to pave the way for an income tax. Neither would a Viceroy, perhaps, if he had to stay and reap the fruit of his works, instead of leaving that to his successor—but that is political reflection which has no business here. The Butler, I say, wisely prefers indirect taxation and prospers. How, then, are you to checkmate him? ...

— Behind the Bungalow • EHA

... Stamp Duty of 1842, which realised about L120,000 a year, were, it is true, equalised in the two countries, but for many years the system of special treatment was pursued. To Sir Robert Peel credit is due for having refused in 1842 to extend to Ireland the Income Tax, which he re-imposed in England, and for reducing the duty on Irish whiskey to its original figure by the remission of an additional 1s. per gallon which he ...

— Ireland and the Home Rule Movement • Michael F. J. McDonnell

... taxes and low prices; mild expostulations and gentle hints that they have been thrown over by their friends; Polish corn, Holstein cattle, and British income tax." ...

— Sybil - or the Two Nations • Benjamin Disraeli

... intended letter refers, (L150) was given him by the Wedgewoods. Thomas, by his will, settled his portion on Coleridge, for his life. Josiah withdrew his about three years ago. The half still remaining amounts, when the Income Tax is deducted, to L67 10s. That sum Mrs. C. receives at present, and it is all which she receives for supporting herself, her daughter, and the two boys at school:—the boys' expenses amounting to the whole. No part of Coleridge's embarrassment arises from his wife and children,—except that he ...

— Reminiscences of Samuel Taylor Coleridge and Robert Southey • Joseph Cottle

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