income


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Related to income: income statement, net income

Income

The return in money from one's business, labor, or capital invested; gains, profits, salary, wages, etc.

The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income is not a gain accruing to capital or a growth in the value of the investment, but is a profit, something of exchangeable value, proceeding from the property and being received or drawn by the recipient for separate use, benefit, and disposal. That which comes in or is received from any business, or investment of capital, without reference to outgoing expenditures.

income

n. money, goods or other economic benefit received. Under income tax laws, income can be "active" through one's efforts or work (including management), or "passive" from rentals, stock dividends, investments and interest on deposits in which there is neither physical effort nor management. For tax purposes, income does not include gifts and inheritances received. Taxes are collected based on income by the federal government and most state governments.

income

noun allowance, annuity, business profits, commercial profits, compensation, consideration, fees, financial remuneration, financial resources, fringe benefits, gain derived from capital, gain derived from labor, gains, gross, gross income, gross reeurn, increase in amount of wealth, livelihood, means, money coming in, net return, pay, payment, pecunia, periodic returns from property or labor, proceeds, profit from conversion of assets, profit from sale, profits, profits of commerce, quaestus, receipts, recompense, return in money, return on capital, revenue, salary, sale proceeds, something produced by capital, stipend, subsidy, value received, vectigal, wage, wages, wealth
Associated concepts: accumulated income, actual income, affordable housing, aggregate income, annual net income, current income, deferred income, division of income, emmloyment law, estimated income, garnishment of income, gross income, income-bearing property, income execution, income tax, income tax evasion, income yield, legacy, life income, low income, minimum wage, net income, retireeent income, social security income
See also: alimony, annuity, capital, earnings, finance, honorarium, money, pay, proceeds, profit, receipt, recompense, rent, resource, retainer, revenue, substance, wage

INCOME. The gain which proceeds from property, labor, or business; it is applied particularly to individuals; the income of the government is usually called revenue.
     2. It has been holden that a devise of the income of land, is in effect the same as a devise of the land itself. 9 Mass. 372; 1 Ashm. 136.

References in classic literature ?
Several years after the death of her husband, Vir- ginia Richmond had become alarmed at the growing demands upon her income and had set herself to the task of increasing it.
They will certainly be over two hundred dollars and maybe three hundred; and three hundred dollars is more than the year's income of many a person in this room.
Who knows but your father was Emperor of China, and your mother an Indian queen, each of them able to buy up, with one week's income, Wuthering Heights and Thrushcross Grange together?
As for his small income, and his still smaller domestic establishment, he looked at them both from the same satirically indifferent point of view.
Nor would it have been an expectation of a hopeful kind, since a small part of his income was derived from the pilotage of timid women (mostly of a full habit and past the middle term of life) from Tellson's side of the tides to the opposite shore.
The two young Cratchits laughed tremendously at the idea of Peter's being a man of business; and Peter himself looked thoughtfully at the fire from between his collars, as if he were deliberating what particular investments he should favour when he came into the receipt of that bewildering income.
He solemnly conjured me, I remember, to take warning by his fate; and to observe that if a man had twenty pounds a-year for his income, and spent nineteen pounds nineteen shillings and sixpence, he would be happy, but that if he spent twenty pounds one he would be miserable.
For all these reasons (I told Wemmick), and because he was my young companion and friend, and I had a great affection for him, I wished my own good fortune to reflect some rays upon him, and therefore I sought advice from Wemmick's experience and knowledge of men and affairs, how I could best try with my resources to help Herbert to some present income - say of a hundred a year, to keep him in good hope and heart - and gradually to buy him on to some small partnership.
Dingaan the king sat upon a day in the kraal Umgugundhlovu, waiting till his impis should return from the Income that is now named the Blood River.
Our family, although still rich (for my father's income amounts to half a million), has experienced many misfortunes, and I myself was, at the age of five years, taken away by the treachery of my tutor, so that for fifteen years I have not seen the author of my existence.
She sold all her property excepting the farm of Toucques and the farm of Geffosses, the income of which barely amounted to 5,000 francs; then she left her house in Saint-Melaine, and moved into a less pretentious one which had belonged to her ancestors and stood back of the market-place.
With this loss of substance and exhaustion of strength, the homes of the people will be stripped bare, and three-tenths of their income will be dissipated; while government expenses for broken chariots, worn-out horses, breast-plates and helmets, bows and arrows, spears and shields, protective mantles, draught-oxen and heavy wagons, will amount to four-tenths of its total revenue.