MLchartDataset catalogue

Income tax

Term · Law · MLC-T-LAW-002569

A levy imposed by a government on the financial income of individuals or businesses. The tax rate often varies based on the income level, with higher earners paying a larger percentage of their income. In the United States, income tax is collected by the Internal Revenue Service (IRS) and is a primary source of government revenue.

Table 1. Record
IdentifierMLC-T-LAW-002569
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002569",
  "term": "Income tax",
  "field": "Law",
  "term_source": "Income Tax",
  "definition": "A levy imposed by a government on the financial income of individuals or businesses. The tax rate often varies based on the income level, with higher earners paying a larger percentage of their income. In the United States, income tax is collected by the Internal Revenue Service (IRS) and is a primary source of government revenue.",
  "url": "https://mlchart.com/terminology/law/income-tax/"
}

Record 2,493 of 5,445 in Law terminology (MLC-0107). Request the full dataset.