income

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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 periodicals archive ?
Use of health insurance premiums, rather than taxes and transfers, to redistribute income from relatively healthier income groups to relatively sick or low-income groups.
Each individual pays an additional income-related tax contribution to the government to help subsidize the premiums for low-income groups so that everyone can afford health insurance.
The gap between high- and low-income groups is the widest it has been in 100 years, and the share of U.
Global Banking News-March 7, 2013--Fifth Third Bank offering services to low-income groups using mobile unit(C)2013 ENPublishing - http://www.
ISLAMABAD, June 25, 2011 (Balochistan Times): The Capital Development Authority (CDA) has still not hired a contactor for the development of sector I-15 allotted in 2006 to meet the housing needs of low-income groups working in the federal capital.
According to the group's researchers, this success indicates that the post-Kanina primary care program, which relies on a network of government-funded clinics, could serve as a national model for providing primary care to low-income groups.
From our experience at Well Woman both of these are factors across low-income groups.
The study, funded by the Department of Health, aimed to find out the reasons for low rates of breastfeeding among young women in low-income groups.
Various uses of technology have been supported over the past decade to improve outcomes for low-income groups.
In an effort to make the melodrama more accessible to an expanded audience, the Frasers have continued the practice of offering low-cost admission to low-income groups.

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