Income Tax

Legal Definition and Related Resources of Income Tax

Meaning of Income Tax

A tax on income . The federal government and the States have such a tax both as to corporations and individuals. The tax is computed on either a fiscal or calendar year, at the taxpayer ‘s election . See Tax.

Related Entries of Income Tax in the Encyclopedia of Law Project

Browse or run a search for Income Tax in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Income Tax in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Income Tax in Historical Law in the Encyclopedia of Law.

Legal Abbreviations and Acronyms

Search for legal acronyms and/or abbreviations containing Income Tax in the Legal Abbreviations and Acronyms Dictionary.

Related Legal Terms

You might be also interested in these legal terms:

Mentioned in these terms

Capital Assets, Capital Loss, Closed Transaction, Cohan Principle, Composite Account Method, Deficiency, False Return, Income Averaging, Profit, Realize, Recapture, Salvage Value.

See also

A federal, state, or local tax that is levied on the … (Read more)

English Spanish Translation of Income tax

impuesto sobre el ingreso (la renta)

Find other English to Spanish translations from the Pocket Spanish English Legal Dictionary (print and online), the English to Spanish to English dictionaries (like Income tax) and the Word reference legal translator.

Income tax in Law Enforcement

Main Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of income tax.


Legal English Vocabulary: Income Tax in Spanish

Online translation of the English legal term income tax into Spanish: impuesto sobre la renta (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus


See Also

  • Law Enforcement Officer
  • Police Work
  • Law Enforcement Agency

Further Reading

Corporate Income Tax in the Economic Activity

An introductory concept of Corporate Income Tax may be: a tax based on the income, or profit, received by a corporation

United States Tax Concept of Income Tax

Tax on both earned income, i.e. salaries, wages, tips, and commissions – and unearned income, i.e. interest from savings accounts, dividend, and rents, etc. This is the main source of revenue for the U.S. Government and many states. The U.S. imposed a temporary income tax during the Civil War and the system became permanent with the adoption of the 16th amendment to the U.S. Constitution in 1913. Since 1919 most U.S. states have adopted the tax, as have several cities, beginning with Philadelphia in 1939.

Income Tax


See Also

  • Income Distribution
  • Bankruptcy
  • Inequality


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