unearned income


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Related to unearned income: Earned income credit

unearned income

n
(Banking & Finance) income from property, investment, etc, comprising rent, interest, and dividends
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.unearned income - personal income that you did not earn (e.g., dividends or interest or rent income)unearned income - personal income that you did not earn (e.g., dividends or interest or rent income)
income - the financial gain (earned or unearned) accruing over a given period of time
revenue enhancement, tax, taxation - charge against a citizen's person or property or activity for the support of government
2.unearned income - (accounting) income received but not yet earned (usually considered a current liability on a company's balance sheet)
accounting - a system that provides quantitative information about finances
income - the financial gain (earned or unearned) accruing over a given period of time
Translations
References in periodicals archive ?
1993) or some measure of unearned income. Unearned income can include income from pensions, social security and other public transfers, income from physical assets (rents), income from financial assets, and private transfers (including gifts and bequests).
Since it's unearned income, the Revenue Commissioners would be looking for a huge slice."
The other thing is that Steve Forbes was a terrible messenger for it, because he is a rich individual living off his unearned income telling people, "Don't worry, a tax has already been paid on it."
(Today the Republicans want to shift the entire tax burden onto work, through a misnamed "flat tax" that includes a gaping exemption for unearned income.
Your top tax rate applies to your child's unearned income above $1,200.
We must remember also that the income statement can be affected, when unrecorded expenses or unearned income is overlooked.
Personal income statistics provide a good barometer of economic performance, but because they include government transfer payments and unearned income they may provide too rosy a picture of state economic conditions.
[subsection] a 2.5 percent tax on unearned income (including interest on all state and local tax exempt municipal bonds);
Endorsed by Ralph Nader, Acorn, the Financial Democracy Campaign and Citizens for Tax Justice, the plan calls for a 7.5 percent surtax on unearned income in excess of $7,500, to be paid only by those individuals with incomes greater than $100,000; a 5 percent surtax on corporations earning more than $75,000 annually; and the elimination of a loophole that allows capital gains at death to go untaxed.
Gross loans net of unearned income equalled USD1.18bn at March 31, 2019.
Average loans, net of unearned income, increased $107.3 million in comparison to the first quarter of 2018.
However, for some families, there is another complication: the tax on unearned income of minor children, also known as the "kiddie tax." (8)