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Income , Income
Income is the money that individuals and businesses bring in during a given period as a result of work or investments. If, for example, a pers… Negative Income Tax , A negative income tax (NIT) provides an income guarantee to families without other sources of income, but taxes away that guarantee as the family’s e… Disposable Income , Discretionary income is a widely used but imprecise definition of that portion of personal income not spent on actual or perceived necessities. Thus… Multiplier , The multiplier is a conceptual tool used to capture the complicated process by which changes in spending affect a nation's income. It is based on the… Tax Reform Act , The Tax Reform Act of 1986 (100 Stat. 2085, 26 U.S.C.A. §§ 47, 1042) made major changes in how income was taxed. The act either altered or eliminated… Insurance Companies , ANNUITIES
When planning for retirement, many Americans forget to plan for one of the most important risks—the risk of "living too long" and running o…
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NEARBY TERMS
unearned income