income taxes
Government wage deductions
Income taxes are taxes levied on earnings—wages, salaries, investment returns, and other income.
Most countries collect income taxes from individuals and corporations to fund government operations.
In the U.S., federal income taxes are due annually by April 15: I owe three thousand in income taxes this year.
The singular income tax refers to the system itself.
- W-2Employer-issued tax form
- deductionsConclusions from reasoning
- itemized deductionsSeparately listed taxable expense reductions
- exemptionsReleases from obligation
- 1040Annual federal filing
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- government chargescustoms duties, import duties, fees, tolls, levies
- taxationtax, sales tax, tax return, tax refund, tax code
- fixed expensesrent, salaries, insurance premiums, lease payments, office rent
- tribal taxationtax exemption, tax exemptions, sovereign immunity, tribal governments, tribal government
- expensesexpenses, expense, expenditure, cost, costs
- billselectric bill, bill, phone bill, bills, gas bill
income taxessales taxes
Government fees on purchases
property taxes · consumption taxes · value-added taxes · VAT · wealth taxes
income taxestax refunds
Returned excess withholdings
government subsidies · universal basic income · tax rebates · tax credits · social security benefits
income taxestax-free income
Revenue without government deductions
tax exemptions · tax shelters · tax havens · gross income · tax deductions
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