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income tax
(redirected from Personal income taxes)

    Also found in: Legal, Encyclopedia, Wikipedia, Hutchinson 0.02 sec.
Income tax
A state or federal government's levy on individuals as personal income tax and on the earnings of corporations as corporate income tax.
income tax
A tax levied on the annual earnings of an individual or a corporation. Income taxes are levied by the federal government and by a number of state and local governments. One set of rules applies to individual income and another to corporate income. The size and structure of an income tax greatly influence security prices and investor decisions.


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