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ordinary income

noun
1.
taxable income, as salary and wages, other than capital gains.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for ordinary income
  • Dividends are taxed as ordinary income, not at lower capital gains rates.
  • Big money managers should have their pay treated as ordinary income, with higher tax rates.
  • Under our tax system, you pay taxes on your ordinary income at graduated rates.
  • Fees for managing other people's money should be taxed as ordinary income.
  • But today many capital gains are on income that was never taxed as ordinary income to begin with.
  • These arguments usually turn on the metaphysical distinction between ordinary income and capital gains.
  • Advice is requested whether the lump sum payment was ordinary income or capital gain.
  • The management fee is taxed as ordinary income to the general partner.
  • On any gain realized, a portion is treated as ordinary income and any remaining balance as a short-term capital gain.
  • Amount realized and ordinary income on a recourse debt.

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