All > Business > Finance > Personal Finance > Income Tax

• The federal government levies a tax on personal income. The federal income tax provides for national programs such as defense, foreign affairs, law enforcement, and interest on the national debt.

  Internal Revenue Service - Cite This Source - This Definition
  ×

  Cite Definition for federal income tax

  American Psychological Association (APA)

  federal income tax. (n.d.). Understanding Taxes Student Glossary. Retrieved June 9, 2023, from website: http://www.expertglossary.com/definition/federal-income-tax.

  Chicago Manual of Style (CMS)

  federal income tax. apps.irs.gov. Understanding Taxes Student Glossary. Internal Revenue Service. http://www.expertglossary.com/definition/federal-income-tax (accessed: June 9, 2023).

  Modern Language Association (MLA)

  "federal income tax." Understanding Taxes Student Glossary. Internal Revenue Service. 9 June. 2023 http://www.expertglossary.com/definition/federal-income-tax.

• Browse Related Terms: federal income tax, infant industry, protective tariff, public goods and services, revenue tariff, tariff, tax code, Tax credit, tax cut, tax evasion