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 … Black's law dictionary
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 … Black's law dictionary
Income splitting — is a method of reducing a family s income tax in a jurisdiction that employs progressive taxation. In situations where one member of a household earns considerably more than another, they will likely be in a higher tax bracket, and thus have to… … Wikipedia
Income inequality metrics — The concept of inequality is distinct from that of poverty[1] and fairness. Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income, and economic inequality among the… … Wikipedia
income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… … Universalium
shifting income — Device used by taxpayers in high tax brackets to move income from themselves to their children and others who are in a lower bracket. Short term or Clifford trusts, as well as gifts to minors, were among the devices used to accomplish this… … Black's law dictionary
Income statement — Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management · Chart of accounts … Wikipedia
Shifting Attitudes in a Changing World — ▪ 1998 by Gro Harlem Brundtland Gro Harlem Brundtland is a physician who left medicine to launch a career in politics. During the time she served as prime minister of Norway (February October 1981, 1986 89, and 1990 96), she was the dominant… … Universalium
Efficient Taxation of Income — The Efficient Taxation of Income is an approach to taxation that would apply different tax rates for property type income and earned income from work. Earned income would be taxed at a flat rate of 10%, while property type income would be taxed… … Wikipedia
Kiddie Tax — The kiddie tax rule exists in the United States of America and can be found in [http://www.law.cornell.edu/uscode/html/uscode26/usc sec 26 00000001 000 .html Internal Revenue Code § 1(g)] , which “taxes certain unearned income of a child at the… … Wikipedia
