Income Tax is the main source of revenue for the federal government and many states. The tax is based on your earned and unearned income. You are allowed certain deductions, allowances and credits to reduce your tax, based on laws made by Congress.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). income tax. Retrieved October 1, 2026, from http://smartdefine.org/income_tax/definitions/1155886 |
| Chicago | Barry Goldsmith. 2010. "income tax" http://smartdefine.org/income_tax/definitions/1155886 (accessed October 1, 2026). |
| Harvard | Barry Goldsmith 2010, income tax, Smart Define, viewed 1 October, 2026, <http://smartdefine.org/income_tax/definitions/1155886>. |
| MLA | Barry Goldsmith. "income tax" 21 October 2010. Web. 1 October 2026. <http://smartdefine.org/income_tax/definitions/1155886> |