Akademik

personal income tax

personal income tax personal income tax ➔ income tax

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personal income tax UK US noun [C or U]

► TAX a tax paid by people on the money they earn, as opposed to a tax that a company pays on its profits: »The government's tax cut reduces personal income tax rates.

→ Compare CORPORATE INCOME TAX(Cf. ↑corporate income tax), CORPORATION TAX(Cf. ↑corporation tax)

Financial and business terms. 2012.