What is Income Tax?

  • By Jocelyn Black Hodes, DailyWorth's Resident Financial Advisor
  • June 21, 2013

Income tax is the annual tax levied by government on an individual's or corporation's eligible earnings. 


See Also:

Ways to Reduce Taxes on Income Investments

How to Efficiently Turn Savings into Income

Tax Time Treasure Hunt

IRA vs. 401(k) - What's the Difference?

10 Questions to Ask a Financial Advisor

How Much Do I Need to Retire?

Tagged in: Saving, Taxes, Sponsored, Glossary