Definition

Remaining amount of money after taxes have been taken out.

Example

The aftertax income is what you actually take home after deductions.

Conversation

Have you figured out your aftertax income for this month?

Not yet, but I think it should be higher than last month.

That's good to hear! I always try to keep track of my aftertax earnings.

Same here; it helps me budget better for the next month.

Synonyms & Antonyms

Root Explanation

The word 'aftertax' is formed from 'after' (from Old English 'æfter', meaning following in time or place) and 'tax' (from Latin 'taxare', meaning to assess or estimate). The term 'aftertax' refers to the amount remaining after taxes have been deducted.

Memory Tip

Think of 'after' meaning following and 'tax' as the amount assessed — so 'aftertax' means what you have left after the taxes are taken out.

Visually Confused Words