Income tax VS taxed income...difference?

Dick Ovdenk: tax portion: net amount after tax

Barton Morfee: NG, I agree with you....a little bit.I can see tax on gas and tax on property because these are solid words indicating real substance.But tax on sales and tax on income are not solid words, do not have real substance, they are more like "action" words describing what is taking place....Show more

Brian Freedland: I worked for the Australian Taxation Office, here's your answer.Income tax is tax deductible from your income, taxed income is the amount that has been witheld for the financial year by your employer.No such thing as profit tax, unless your are referring to GST which is for business owners who make more than $75,000 per year. Agencies cannot make profit from tax witholding because those funds are directly to the taxation office at the end of financial year....Show more

Christiane Cattano: One final time...an income tax is a tax on income. Just like a property tax is a tax on property,! a sales tax is a tax on sales, a gas tax is a tax on gas, etc.EDIT: Not "solid" words? Gas, sales, property, income, are all nouns. They describe the subject of the tax. It is irrelevant whether you think the words have to be "solid" or not "action" words.Income tax is the tax ON income.Taxed income is the income that is taxed.Tax income is the receipt of taxes by the government.The above is really simple to understand unless a person has a reading comprehension problem....Show more

Shelley Stevens: Income Tax: The tax which is levied directly on the income of an individual.Taxed Income: The income of an individual which has been taxed.