current income


Also found in: Financial.
Related to current income: Investment income, Income stock

current income

n.
Investment income earned from interest, dividends, rent, and similar sources, as opposed to that derived from increases in asset value.
References in periodicals archive ?
the current income beneficiary of a QSST is directly taxed as if he or she is the grantor of that portion of the trust.
When the IRS catches up with them, it comes up with a settlement based on current income levels -- and that income includes home equity.
AEW Value Investors fund offers institutional investors the best of both worlds; current income, as well as appreciation potential through improving the operating fundamentals of the fund's properties"
Sensitivity of consumption to current income, discussed previously in the economics literature, is the extent to which individuals spend in proportion to their current income rather than their expected income.
I agree with the report's conclusion that the current income tax code should be scrapped in its entirety.
Dick Armey, R-TX, majority leader in the House of Representatives, has introduced a flat tax proposal that taps into a deep vein of longstanding popular dissatisfaction with the current income tax system.
Each of the funds seeks to achieve its investment objective of high current income by investing primarily in medium and lower grade fixed-income securities.
Under the separate-share rule of tax code section 663(c), this single trust would be treated as two separate trusts, thus meeting the QSST requirement that there be only one current income and corpus beneficiary for a trust holding S corporation stock.
The primary objective of PCN is to seek high current income with secondary objectives of capital preservation and appreciation.
citizen or resident; (2) corpus distributions must be made only to the current income beneficiary; (3) trust interests must terminate either on the beneficiary's death or the trust's termination; (4) trust assets must be distributed to the beneficiary if the trust terminates before death; and (5) S income must be distributed annually.
Let's just stop the misapplication of the current income tax and not replace it with anything.
That situation has now changed and various proposals have been put forth in Congress to replace the current income tax (sometimes the personal income tax only; sometimes the corporate income tax, too) with some variant of a consumption tax.

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