What is another word for income tax?

Pronunciation: [ˈɪnkʌm tˈaks] (IPA)

Income tax, sometimes referred to as personal tax or direct tax, is an unavoidable obligation every individual has to fulfill. Although income tax is frequently used to refer to personal income tax, other synonyms can be used to represent a broader range of related terms. Some of these terms include progressive tax, levied on a sliding scale based on income, and flat tax, which charges all taxpayers an equal percentage of their income. Inheritance tax, gift tax, and estate tax are some synonyms that relate to income tax, but they are charged on different bases. Overall, these synonyms allow people to communicate about different types of taxes with varying policies, rules, and implications.

What are the hypernyms for Income tax?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Income tax?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with Income tax

  • An income tax form is like a laundry list - either way you lose your shirt.
    Fred Allen
  • I just filled out my income tax forms. Who says you can't get killed by a blank?
    Milton Berle
  • A lot of girls annoy me who go to university - one girl told me she was going to Oxford because it was something to do between leaving school and getting married. And I've got to pay for that being an income tax payer.
    Jeffrey Bernard
  • No one making less than $250,000 under Barack Obama's plan will see one single penny of their tax raised, whether it's their capital gains tax, their income tax, investment tax, any tax.
    Joe Biden
  • I would like to electrocute everyone who uses the word "fair" in connection with income tax policies.
    William F. Buckley, Jr.

Related words: income tax basics, tax calculation, income tax brackets, tax calculator, tax form, tax return, income tax return form 1040, 1040a, 1040ez, w-2 form

Related questions:

  • How to calculate income tax?
  • How to file taxes online?
  • How long does it take to file an income tax return?
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