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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.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.


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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
References in periodicals archive ?
Second, we limit our analysis to families that report an omnibus income amount. By limiting our analysis to reported omnibus income amounts of the family of the household reference person who is in their first or fifth month of interviewing we ensure that the responses given to the questions are given as part of the same monthly interview.
Ordinary income amounted to Yen85.4 billion, a decrease of Yen49.4 billion or 36.7 % compared to the corresponding period in the previous fiscal year, with the posting of a Yen27.3 billion gain from equity in net income of affiliated companies.
Tax income amounted to 83.895 billion, customs income - 34.28 billion soms, non-tax income - 10.455 billion soms.
For the six months ended March 31, 2018, net income amounted to $2.4 million, or $0.38 per fully diluted common share, compared with net income of $2.1 million, or $0.33 per fully diluted common share, for the six months ended March 31, 2017.
While, the received investments income amounted to $37.4 million was mainly caused by the income and interest received on the Palestinian investments and deposits in banks abroad.
While, the received investments income amounted to USD 28.6 million was mainly caused by the interest received on the Palestinian deposits in banks abroad.
The net banking income amounted to 79 million dinars to March 31, 2013 against 70 million dinars, in the same period last year, posting an increase of 13.4%.
Net interest income amounted to $15.7 million in 2012, up by 42.3 percent.
Net income amounted to $453m, 4% lower than in 2010 due to large one-off losses connected to conversion of bonds and change of fair value of derivatives.
The fourth quarter operating income amounted to SEK 6.955 million (5,518).
The bank said net income amounted to BHD 1.36 million ($3.6 million) during the January to September period compared to BHD 388 thousand ($1,029 million) during the same period of 2010.