income tax
Loading your saved state.
income tax
A tax levied on the income of individuals. Its amount depends on the taxable income.
Jedes Jahr im Mai muss ich meine Erklärung für die Einkommensteuer abgeben.
Every year in May, I have to submit my income tax return.
The word is composed of three parts: 'Einkommen' (income), the linking element '-s-', and 'Steuer' (tax). So it literally refers to the tax on income.
Die Höhe der Einkommensteuer hängt vom Gehalt ab.
The amount of income tax depends on the salary.
The base word '-steuer' (tax) is very productive in German. If you know it, you can understand many other types of taxes, such as 'Umsatzsteuer' (sales tax), 'Mehrwertsteuer' (value-added tax), or 'Hundesteuer' (dog tax).
Neben der Einkommensteuer müssen Unternehmen auch Körperschaftsteuer zahlen.
In addition to income tax, companies also have to pay corporate tax.
Common verbs in connection with income tax are 'Einkommensteuer zahlen' (to pay income tax), 'Einkommensteuer abführen' (to remit income tax), or 'etwas von der Steuer absetzen' (to deduct something from tax). The related bureaucracy is called 'Einkommensteuererklärung' (income tax return).
Viele Kosten für die Arbeit kann man von der Einkommensteuer absetzen.
Many work-related costs can be deducted from income tax.
trade tax
Einkommensteuer applies to the income of an individual. Gewerbesteuer, by contrast, is levied by a municipality on the earnings of a commercial business. In the case of a sole proprietorship, the individual and the business can therefore each be subject to one of these taxes.
Die Unternehmerin zahlt Einkommensteuer auf ihr persönliches Einkommen.
The business owner pays income tax on her personal income.
Ihr Gewerbebetrieb zahlt Gewerbesteuer auf seinen Ertrag.
Her business pays trade tax on its earnings.
