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Income tax   /ˈɪnkˌəm tæks/   Listen
Income tax

noun
1.
A personal tax levied on annual income.



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"Income tax" Quotes from Famous Books



... resort, attracting tourists to its casino and pleasant climate. The principality also is a major banking center and has successfully sought to diversify into services and small, high-value-added, nonpolluting industries. The state has no income tax and low business taxes and thrives as a tax haven both for individuals who have established residence and for foreign companies that have set up businesses and offices. The state retains monopolies in a number of sectors, including tobacco, ...
— The 2008 CIA World Factbook • United States. Central Intelligence Agency.

... obliged to repeal the income tax, as a bribe to the landed interest, upon whom it was considered to fall particularly heavy, although the removal of it was looked upon as a boon to every one who paid it. This was a peace offering, such as ...
— Memoirs of Henry Hunt, Esq. Volume 2 • Henry Hunt

... Abe," Morris said, "there's one worser punishment you could hand out the Kaiser than filling out this here income tax." ...
— Potash and Perlmutter Settle Things • Montague Glass

... income tax, tithes, fire insurance, cost of collection and repairs of course, it returned two hundred and eighty-four pounds last year. The repairs are rather a large item—owing to the brook. I call it Liris—out of Horace, ...
— A Diversity of Creatures • Rudyard Kipling

... approximation to constant value. Realizing this situation, Memminger had advised falling back on the ancient system of tithes and the support of the Government by direct contributions of produce. After licensing a great number of occupations and laying a property tax and an income tax, the new law demanded a tenth of the produce of all farmers. On this law the Mercury pronounced a benediction in an editorial on The Fall of Prices, which it attributed to "the healthy influence of the tax bill which has ...
— The Day of the Confederacy - A Chronicle of the Embattled South, Volume 30 In The - Chronicles Of America Series • Nathaniel W. Stephenson

... under the new auspices with great tranquillity. That there would soon come causes of hot blood,—the English Church, the county suffrage, the income tax, and further education questions,—all men knew who knew anything. But for the moment, for the month even, perhaps for the Session, there was to be peace, with full latitude for the performance of routine duties. There was so to say no opposition, and at first it seemed that ...
— The Prime Minister • Anthony Trollope

... world may say, "So and so must be rich, look what a lot of trade he threw away at that funeral of his wife," or his father, or his son, as the case may be; but I doubt whether this is the true explanation. If it is, I should recommend my German friends, if they wish to intervene, to introduce the income tax into ...
— Travels in West Africa • Mary H. Kingsley

... this country the democracy must rule. They felt the flame of inspiration when war came and they helped to win the war. What was their reward? The opulent portion of them were saddled with an enormous income tax and high prices of living through bad legislation, which made life a burden. The more poverty-stricken suffered sympathetically in exactly the same way. We won the war and we lost the peace. We ...
— Nobody's Man • E. Phillips Oppenheim

... is so sincere! What was the sermon? I dozed off. About the radicals, my dear—and the false doctrines that are being preached. We must organize a hundred per cent American bazaar. And let everyone contribute one one-hundredth percent of their income tax. What an original idea! We can devote the proceeds to rehabilitating the veil of the temple. But that has been ...
— The Hairy Ape • Eugene O'Neill

... Underwood-Simmons Act, however, was to attain enormous importance in the course of the Wilson Administrations. To supply the deficiency in revenue which the lowered duties might be expected to produce there was added an income tax law, which had recently been permitted by constitutional amendment. Even the light duties of the first year, with their $3,000 exemption, were denounced by conservatives as a rich man's tax; but within ...
— Woodrow Wilson's Administration and Achievements • Frank B. Lord and James William Bryan

... the bond market is merely an affair of permanence. It seems to be purely a seller's market with the cause of the selling temporarily prohibitive to reinvestment. The income tax has caused a new seasonal liquidation period to be written into the category of investment influences so that the present bond market, though definitely in a major trend upward, still hangs down ...
— Heart and Soul • Victor Mapes (AKA Maveric Post)

... made. My own thought has been that he laid too much stress on the support of big business. To have Gary, and Armour, and Perkins as your chief boomers doesn't make you very popular in Kansas and Iowa. Hughes may be the easiest man to beat, after all, because he vetoed the Income tax amendment in New York, a two-cent fare bill, and other things which are pretty popular. He is a good man, honest and fine, but not a liberal. The whole Congressional push has been for Hughes for months, but ...
— The Letters of Franklin K. Lane • Franklin K. Lane

... private means, which work out at about one-and-fourpence, less income tax, a day. Consequently he is a little careless about money matters. "Oh, that'll be all ...
— Punch, or the London Charivari, Vol. 153, Dec. 26, 1917 • Various

... 18s. 11d.; and after 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 ...
— Lombard Street: A Description of the Money Market • Walter Bagehot

... direct taxes were the poll tax, i.e., a certain sum which everybody alike must pay, and the income tax, usually a twentieth part of the income. Finally, there were indirect taxes, such as the salt gabelle. Thus, in certain provinces every person had to buy seven pounds of salt a year from the government salt-works at a price ten ...
— A Political and Social History of Modern Europe V.1. • Carlton J. H. Hayes

... he would yield. On the contrary he returned home and on July 12 issued an official proclamation in which he made the assertion that "the Federal Constitution in its present form threatened the foundation of free popular government; the 16th Amendment, providing for a federal income tax, was lobbied through Congress and State Legislatures by federal agents and the 18th Amendment for Federal prohibition was forced through by paid agents of irresponsible organizations with unlimited funds." To what he called the proposal to "force through the ...
— The History of Woman Suffrage, Volume VI • Various

... the soldier's home, the very suggestion is an outrage. The C.O.S., the Poor Law, and the charitable amateur, whether of the patronizing or prying or gushing variety, must be kept as far from the army and its folk as if they were German spies. The business of our fashionable amateurs is to pay Income Tax and Supertax. This time they will have to pay through the nose, vigorously wrung for that purpose by the House of Commons; so they had better set their own houses in order and leave the business of the ...
— New York Times, Current History, Vol 1, Issue 1 - From the Beginning to March, 1915 With Index • Various

... be framed which shall be equitable in principle and efficient in administration? Is a graduated income tax just or expedient? Matson, p. 209: ...
— Carnegie Library of Pittsburgh Debate Index - Second Edition • Carnegie Library of Pittsburgh

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

... and thought than eight or nine hours broken up with periods when one's feet are literally or metaphorically on the desk and genial conversation is flowing. Most of the men and women who make a living out of free lancing earn every blessed cent of it; and the amount upon which they pay an income tax is, as a rule, proportioned rather justly to the amount of concentrated labor that they pour into the hopper of ...
— If You Don't Write Fiction • Charles Phelps Cushing

... which were familiar to him reached his ears. The gentleman was proposing some little addition to a commercial treaty and was expounding in very strong language the ruinous injustice to which England was exposed by being tempted to use gloves made in a country in which no income tax was levied. Melmotte listened to his eloquence caring nothing about gloves, and very little about England's ruin. But in the course of the debate which followed, a question arose about the value of money, ...
— The Way We Live Now • Anthony Trollope

... memorandum on the Guild Control of Composers on the bagis of a forty-hour week, with equal opportunity for performance, the economic use of orchestral resources and the preferential treatment of Russian folk-tunes as thematic material. All members of the Guild should receive the same salary free of income tax; all performances should be free, and applause or encores prohibited as likely to lead to the rupture of artistic solidarity. The profits from the sale of programmes should go into the National Exchequer, but should be earmarked for a Pension ...
— Punch, or the London Charivari, Vol. 156, May 14, 1919 • Various

... has done so; hitherto the national revenue has been exclusively raised from custom duties. It cannot levy duties on exports. It can levy excise duties, and is now doing so; hitherto it has not done so. It can levy direct taxes, such as an income tax and a property tax; it hitherto has not done so, but now must do so. It must do so, I think I am justified in saying; but its power of doing this is so hampered by constitutional enactment, that it would seem that the Constitution as regards this heading must be altered before ...
— Volume 2 • Anthony Trollope

... deal. Everybody's hammer is out for the poor slob of a judge. Well, not everybody's, of course. There are some real sportsmen left crawling on the surface of the earth. But the big majority pan him, all the way home; and then some of them roast him in print. The Income Tax man is a popular favorite, compared with a ...
— Further Adventures of Lad • Albert Payson Terhune

... public proceedings but as to their private affairs. The outraged Tattlesnivellian who now drags this infamous combination into the face of day, charges those literary persons with making away with their property, imposing on the Income Tax Commissioners, keeping false books, and entering into sham contracts. He accuses them on the unimpeachable faith of the London Correspondent of the Tattlesnivel Bleater. With whose evidence they will find it impossible to reconcile their ...
— Contributions to All The Year Round • Charles Dickens

... say," said Dolly, conferring on his gasp the honour of an explanation, "she's old and didn't go on munitions, and didn't get used to wangling income tax on her wages, and never had no ambitions to go on the pictures, neither. What's compensation to her isn't compensation to me. I've got a ...
— The Best British Short Stories of 1922 • Various

... to do anything of the sort. England should send them a good old-fashioned ultimatum, mobilise all the naval officers at the Embankment hotels, raise the income tax another sixpence, ...
— My Discovery of England • Stephen Leacock

... reaches the confines of the frozen civilisation of the Russian empire; and sweeps along, among bowing governors and prostrate serfs,—still but emerging from barbarism—until he does homage to the pomp of the Russian court, and finally lands in the soil of freedom, funds, and the income tax. ...
— Blackwood's Edinburgh Magazine, Volume 61, No. 380, June, 1847 • Various

... of having recognized the new spirit of the people. Even before his election, his predecessor, Mr. Taft, had led the Republican party in its effort to make two amendments to the Constitution, one allowing an Income Tax, the other commanding the election of Senators by direct vote of the people. Both of these were assaults upon entrenched "Privilege." The Constitution had not been amended by peaceful means for over a century; yet both of these amendments were now put through ...
— The Great Events by Famous Historians, Vol. 21 - The Recent Days (1910-1914) • Charles F. Horne, Editor

... have a hundred dollars the better off you'll be. I don't know how you come by so much wealth; but in view of several things which occurred last night I should not be crazy, were I you, to have to make a true income tax return. Somehow I have faith in you; but I doubt if any minion of the law would ...
— The Oakdale Affair • Edgar Rice Burroughs

... one point only, had I any reason to think that I was wrong—namely, upon the Queen's Income Tax.' No documents existed, and information was promised to Sir Charles by Mr. W. E. Baxter, Secretary to the Treasury, 'but when he applied for it he was told that it could not be given unless Mr. Gladstone agreed, and on this Mr. Gladstone wrote one of his most mysterious ...
— The Life of the Rt. Hon. Sir Charles W. Dilke V1 • Stephen Gwynn

... from him of some of his former colleagues. Nor did he always rightly divine the popular mind. Absorbed in his own financial views, he omitted to note the change that had been in progress between 1862 and 1874, and thus his proposal in the latter year to extinguish the income tax fell completely flat. He often failed to perceive how much the credit of his party was suffering from the belief, quite groundless so far as he personally was concerned, that his government was indifferent to what are called Imperial interests, the interests of England outside England. ...
— William Ewart Gladstone • James Bryce

... making those bald and senseless assertions," said Dr. O'Grady. "Even an income tax collector, and he's the most sceptical kind of man there is with regard to assertions about money—but even he allows his victims to deduct the expenses necessarily incurred in making their incomes from the gross amount which they return to him. You can't ...
— General John Regan - 1913 • George A. Birmingham

... shoes, Wilecat. Don' do nothin' to de new shoes—much—an' hit de ol' ones light. De middle-grade shoes gits a good shinin'. Folks whut weahs middle-grade shoes is ol'-time travellers an' gin'ally comes up strong wid de income tax fo' us boys." ...
— Lady Luck • Hugh Wiley

... Gladys, if you follow these rules I think you can play the game of auction bridge without putting a bruise on the law regulating the income tax. ...
— You Should Worry Says John Henry • George V. Hobart

... an amusing and (as it ended well) not unsatisfactory experience of the ways of Income Tax Commissioners. These gentlemen acted on even vaguer principles than those on which they once assessed a poor dramatic amateur, who had by accident received L6 "author's rights" for a week, at L300 per annum, on the sound arithmetical argument that there are fifty (indeed, ...
— Matthew Arnold • George Saintsbury

... uplifted; and he sniggered at his terrible forebodings of August and September. Ruin? He was actually going to make money out of the greatest war that the world, etc. etc. And why not? Somebody had to make money, and somebody had to pay for the war in income tax. For the first time the incubus of the war seemed lighter upon G.J. And also he need feel no slightest concern about the financial aspect of any possible developments of the Christine adventure. He had a very clear and ...
— The Pretty Lady • Arnold E. Bennett

... extracted from all his liabilities by a sum two thirds less than was first startlingly submitted to our indignant horror,—and that, too, in a manner that would have satisfied the conscience of the most punctilious formalist whose contribution to the national fund for an omitted payment to the Income Tax the Chancellor of the Exchequer ever had the honor to acknowledge. Still, the sum was very large in proportion to my poor father's income; and what with Jack's debts, the claims of the Anti-Publisher ...
— The Caxtons, Complete • Edward Bulwer-Lytton

... cousin Soames, of her life interest in fifteen thousand pounds. He had called on her to explain that the existing investment in India Stock, ear-marked to meet the charge, would produce for her the interesting net sum of L430 odd a year, clear of income tax. This was but the third time he had seen his cousin Soames' wife—if indeed she was still his wife, of which he was not quite sure. He remembered having seen her sitting in the Botanical Gardens waiting for Bosinney—a ...
— Forsyte Saga • John Galsworthy

... practice all through their careers. And in his paid work the doctor is on a different footing to the tradesman. Although the articles he sells, advice and treatment, are the same for all classes, his fees have to be graduated like the income tax. The successful fashionable doctor may weed his poorer patients out from time to time, and finally use the College of Physicians to place it out of his own power to accept low fees; but the ordinary general practitioner ...
— The Doctor's Dilemma: Preface on Doctors • George Bernard Shaw

... photograph him and his surroundings: you may spend years in studying what he eats and drinks: you may search out what his uncles died of, and the price he pays for his hats, and—know nothing at all about him. At least, you may know enough to insure his life or assess him for Income Tax: but you are not even half-way towards writing a novel about him. You are still groping among externals. His unspoken ambitions; the stories he tells himself silently, at midnight, in his bed; the pain he masks with a dull face and the ridiculous fancies he hugs in secret—these ...
— Adventures in Criticism • Sir Arthur Thomas Quiller-Couch

... is now derived from the national income tax. The law at first exempted from it single persons whose income was less than $3000, and married persons whose income was less than $4000. As a result of the war, only those are now exempt whose incomes are less than $1000, if single, and $2000 if married, with an additional exemption for each ...
— Community Civics and Rural Life • Arthur W. Dunn

... Subah forms by no means the whole of the royal revenue. On a great variety of occasions, besides the presents that every one must make on approaching the court, there is levied a Rajangka, which is a kind of income tax that extends to all ranks, and even to such of the sacred order as possess free lands. A Rajangka is levied at no fixed period, but according to the exigencies of the state; and many districts pay more on this account than the regular revenue, ...
— An Account of The Kingdom of Nepal • Fancis Buchanan Hamilton

... government is concentrating on reducing the unemployment rate and the budget deficit as well as following the previous government's policies of maintaining low inflation and a current account surplus. The coalition also vows to maintain a stable currency. The coalition has lowered marginal income tax rates while maintaining overall tax revenues; boosted industrial competitiveness through labor market and tax reforms; increased research and development funds; and improved welfare services for the neediest while cutting paperwork and delays. Denmark ...
— The 2000 CIA World Factbook • United States. Central Intelligence Agency.

... demanded "the free and unlimited coinage of silver at the present legal ratio of sixteen to one," and an issue of legal-tender currency until the circulation should reach an average of fifty dollars per capita. Postal savings banks, a graduated income tax, and economy in ...
— The New Nation • Frederic L. Paxson

... is it like Who's What, where your imagination is hampered and interfered with by other people butting in to tell you that their recreations are dodging O.B.E.'s and the Income Tax Commission. Publications: Hanwell Men as I knew Them. Club: The Philanderers, and so forth. This cramps ...
— Punch, or the London Charivari, Vol. 156, June 4, 1919. • Various

... labour down and gouging it. You kept the president of the South-western Amalgamated Association of Miners in jail for three years on trumped-up murder charges, and with him out of the way you broke up the association. That was gouging labour, you'll admit. The third time the graduated income tax was declared unconstitutional was a gouge. So was the eight-hour Bill you killed in ...
— The Strength of the Strong • Jack London

... with the reluctance of an Income Tax Return that it was a forty-five Rolls Royce, good of ...
— The Wife of Sir Isaac Harman • H. G. (Herbert George) Wells

... was very, very plain; and so I went out and hired another artist. By working on my vanity, the stranger had seduced me into declaring an income of two hundred and fourteen thousand dollars. By law, one thousand dollars of this was exempt from income tax—the only relief I could see, and it was only a drop in the ocean. At the legal five per cent., I must pay to the government the sum of ten thousand six hundred and fifty ...
— Innocents abroad • Mark Twain

... successful effort to equalize taxation. It remitted various taxes which had pressed hard upon the poor and restricted business, and replaced them by applying the succession duty to real estate, increasing the duty on spirits, and extending the income tax. ...
— A History of The Nations and Empires Involved and a Study - of the Events Culminating in The Great Conflict • Logan Marshall

... System. Anti-Lottery Bill. President Calls a Special Session of Congress. Sale of Bonds to Maintain Reserve of Gold. The Wilson Tariff Law Passed. Income Tax Unconstitutional. Bond Issues. Foreign Affairs. Coup d'etat of Provisional Government of Hawaii. Special Commissioner. Queen Liliuokalani. Queen Renounces Throne. President Cleveland's Venezuelan Message. Measures to Preserve National Credit. Venezuelan ...
— History of the United States, Volume 5 • E. Benjamin Andrews

... any 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 ...
— Behind the Bungalow • EHA

... L7,700,334, and he adds: "It will be observed that a great and rapid rise took place in the taxation of Ireland during the decade 1850-1860. This great increase was due to the equalisation of the spirit duties in the two countries, and the extension of the Income Tax to Ireland. The special circumstances of Ireland do not appear to have received due consideration at this time. Many arguments of a general character might be employed to justify the equalisation of ...
— Against Home Rule (1912) - The Case for the Union • Various

... greater number to divide your park and garden into peasant properties and cottage allotments, to double the wages of the workmen in your employment, or to subject you and the likes of you to a graduated income tax for the purpose of setting up national workshops to compete with you in your own trade; and, if you do not readily enter into the same views, then the said numerical majority are not simply warranted in taking the law into their own hands ...
— Old-Fashioned Ethics and Common-Sense Metaphysics - With Some of Their Applications • William Thomas Thornton

... what news there is,' she writes in April, 1853. 'In the political world, the proposed new scheme of Property and Income Tax, which would make everybody pay something; and the proposal for paying off a portion of the National Debt with Australian gold. In the literary world, the International Copyright, which some expect ...
— Little Memoirs of the Nineteenth Century • George Paston

... remembers attending a dinner of gray-headed judges and counsellors during the trial of Anna Eliza, alias "Nan," Patterson, where one would have supposed that the lightest subject of conversation would be not less weighty than the constitutionality of an income tax, and finding to his astonishment that the only topic for which they showed any zest was whether "Nan" ...
— Courts and Criminals • Arthur Train

... consisting of an immense hotel, ballrooms, and gambling-rooms, and is said to have a profit of two millions of dollars (about L400,000) during the season.(88) He is mentioned as one of those who pay the most income tax. ...
— The Gaming Table: Its Votaries and Victims - Volume I (of II) • Andrew Steinmetz

... thirty millions, although the expenses of each of these countries are at least fifty millions more than the computed expenses of our own. It is obvious, therefore, from the Report of the Commission, that we may dispense with the fifty-nine millions from income tax and the duties on transportation, and still have a margin of more than thirty millions to cover contingencies and provide for the gradual reduction of the debt. Such a victory in finance achieved the first year after the war would give us a ...
— The Atlantic Monthly, Volume 17, No. 103, May, 1866 • Various

... terribly. Committee tried to help him out; that didn't help matters much. To have a Member in one part of the House filling up an awkward pause by suggesting "dried fruit," another "coffee," a third "rum," and a fourth "probate duty," when after all, JOKIM was thinking of the Income Tax or General STAMPS, evidently not designed to ...
— Punch, or the London Charivari, Vol. 100, May 2, 1891 • Various

... would find it difficult to make with his symbols. Moreover, the little Cowfold clubs and parties understood what they were saying, and so far had an advantage over the clubs and parties which, since the days of penny newspapers, now discuss in Cowfold the designs of Russia, the graduation of the Income Tax, or the merits and demerits of the administration. The Cowfold horizon has now been widened, to use the phrase of an enlightened gentleman who came down and lectured there on the criminality of the advertisement duty; but unfortunately the eyes remain the same. Cowfold now looks ...
— The Revolution in Tanner's Lane • Mark Rutherford

... property to the produce of the succession duty, it would be in the power of Government to reduce the general tax at least a half without any diminution, probably a large increase, in the general result. This must be at once apparent, when it is recollected that out of L5,303,000, which the income tax produced in 1845, from Britain, no less than L2,666,000, or nearly a half, came from the land. When it is recollected that the remainder embraced, besides income from realized money, no less than L1,541,000 for professional income, which of course corresponds to a comparatively small amount of ...
— Blackwood's Edinburgh Magazine, No. CCCLXXVI. February, 1847. Vol. LXI. • Various

... The Income Tax of 1894.—The advocates of tariff reduction usually associated with their proposal a tax on incomes. The argument which they advanced in support of their program was simple. Most of the industries, they said, are in the East and the protective tariff which taxes consumers for the ...
— History of the United States • Charles A. Beard and Mary R. Beard

... curate's tail quite unconsciously thumping on the chair cushions. So he excused himself and brought up one of his few remaining bottles of White Horse. Mr. Poodle crossed his legs and they chatted about golf, politics, the income tax, and some of the recent books; but when Gissing turned the talk on religion, Mr. Poodle became diffident.. Gissing, warmed and cheered by the vital Scotch, ...
— Where the Blue Begins • Christopher Morley



Words linked to "Income tax" :   withholding, taxation, tax, estimated tax, surtax, supertax, bracket creep, revenue enhancement, FICA, withholding tax



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