Income tax and Taxation

Income tax noun - A personal tax levied on annual income.

Taxation and income tax are semantically related. In some cases you can use "Taxation" instead a noun phrase "Income tax".

Taxation noun - The imposition of taxes; the practice of the government in levying taxes on the subjects of a state.

Income tax and taxation are semantically related. Sometimes you can replace phrase "Income tax" with "Taxation", this terms are similar.

Nearby Words: tax, taxing, taxed, taxable, taxability