How to use income in a sentence

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Sentence Examples The demographic information shows that the population increased but the average income went down. The university receives more than half its aggregate income from government sources. If your income rises above a certain threshold, your tax rate also rises. Allowance, a third income test applies on the incomes of the allowee's parents. With the exception of an annual income drawn from a trust established by his sons in 1844, Owen died penniless. She receives a supplemental income every month from the government. During this period the disposable income of Coventrians was amongst the highest in the country and both the sports and the arts benefited. Only when Basel's reformers turned to iconoclasm in the later 1520s did his freedom and income as a religious artist suffer. He wrote asking for more particulars about Shelley's income and began advising him to reconcile with Sir Timothy. It means that income invested as advances of wages to labour creates employment, and not income spent on consumer goods. In 1856, his income from writing allowed him to buy Gad's Hill Place in Higham, Kent. From 1773 until 1796, George Austen supplemented this income by farming and by teaching three or four boys at a time, who boarded at his home. Emma sold well but the new edition of Mansfield Park did poorly, and this failure offset most of the income from Emma. In 2013 he gave a talk at Beaconsfield Library which he had visited as a child and donated the income from the event to it. Films generate income from several revenue streams, including theatrical exhibition, home video, television broadcast rights and merchandising. When a film is highly exploitable as a commercial property, its ancillary revenues can dwarf its income from direct film sales. An important additional source of income for the orchestra was the film industry. In 1979 with funding from a Japanese bank a large modern extension was opened that would also house larger income generating exhibitions. Juniors may earn income from tennis by participating in the Future, Satellite, or Challenger tours. These facilities make most of their income from pop concerts, but they occasionally stage boxing matches and other sporting events. Show More Sentences The FA's income does not include the turnover of English football clubs, which are independent businesses. The argument given at the time was that the extra income would allow English clubs to compete with teams across Europe. The income from overseas rights is divided equally between the twenty clubs. Stadium attendances are a significant source of regular income for Premier League clubs. Because higher league placement results in a greater share of television rights, success on the field generates greater income for the club. The landlord spotted the increased income he could enjoy if Tottenham played their matches behind his pub and in 1899 the club moved in. A poor season on the field in 1889 was reflected by reduced income and changes were made with several good new players being introduced. From 1 January 2019 this contribution will be abolished, as it is being replaced by higher income tax instead. The country has a market income inequality close to the OECD average, but after public cash transfers the income inequality is very low. This has been attributed to the country's highly regarded education and health care systems, and its low level of income inequality. Greenland expects to grow its economy based on increased income from the extraction of natural resources. However, while Hong Kong has one of the highest per capita incomes in the world, it suffers from severe income inequality. Personal income is assessed and taxed on a total worldwide income basis rather than a remittance basis. This means that all income earned throughout the world is assessable for Manx tax rather than only income earned in or brought into the Island. Under pressure from public opinion, she began to pay income tax for the first time, and Buckingham Palace was opened to the public. The Income Tax Law of 1928 introducing income tax was the first law drafted entirely in English. Total income can be subdivided according to various schemes, leading to various formulae for GDP measured by the income approach. Economic welfare cannot be adequately measured unless the personal distribution of income is known. The welfare of a nation can, therefore, scarcely be inferred from a measurement of national income as defined above. A country scores higher HDI when the life expectancy at birth is longer, the education period is longer, and the income per capita is higher. Show More Sentences These contracts allowed an income option to the inhabitants of these colonies that were not related to the Spanish conquistadores. The incidence of corporate income tax has been a matter of considerable ongoing controversy for decades. It has a smaller welfare state and redistributes less income through government action than European nations tend to. The empire's annual income quadrupled between 1523 and 1748, adjusted for inflation. Government revenues contracted as national income fell, while the cost of assisting the jobless rose. The Attlee Government increased pensions and other benefits, with pensions raised to become more of a living income than they had ever been. Such taxation usually includes a larger income tax for people with higher incomes, called a progressive tax. Proponents argue that this helps reduce the income gap between the rich and poor. These organizations provided insurance for sickness, unemployment, and disability, providing an income to people when they were unable to work. These are devices for shifting income across different stages in life, not for shifting income across classes. Together with Chancellor of the Exchequer Geoffrey Howe, she lowered direct taxes on income and increased indirect taxes. Farming, fishing and tourism are the main sources of income for most of the islands. The average income per capita of the local population is the lowest in the UK and much of the region has EU Objective 1 status. Councils obtain additional income through the Council Tax, that the council itself sets. Granted with it was the nearby Forest of Stocket, whose income formed the basis for the city's Common Good Fund which still benefits Aberdonians. Aberdeen City Council is responsible for city owned infrastructure which is paid for by a mixture of council tax and income from HM Treasury. Bermudas's consumption tax is equivalent to local income tax to local residents and funds government and infrastructure expenditures. Having no corporate income tax, Bermuda is a popular tax avoidance location. The islands have never levied income tax, capital gains tax, or any wealth tax, making them a popular tax haven. This would have been the first direct tax on income in the Cayman Islands' history. Show More Sentences Additional amounts are secured through income and property taxes, licence and other fees as well as customs duties levied on imported goods. Legal aid, administered by the Scottish Legal Aid Board, is available to persons with little disposable income for cases in the Court of Session. Qatar is a high income economy, backed by the world's third largest natural gas reserves and oil reserves. Report prepared by local governors of Ottoman Empire in 1892 states that total income from pearl hunting in 1892 is 2,450,000 kran. It also has one of the highest income inequalities among developed countries. A conceptual worker who is not satisfied with his income can threaten to work for a company that will pay him more. Public finance is closely connected to issues of income distribution and social equity. Other issues are environmental pollution, animal welfare and finding alternative income opportunities for farmers. Their ability to do so will depend on the degree to which their income is fixed. For example, increases in payments to workers and pensioners often lag behind inflation, and for some people income is fixed. For instance, inflated earnings push taxpayers into higher income tax rates unless the tax brackets are indexed to inflation. Economic inequality sometimes refers to income inequality, wealth inequality, or the wealth gap. There are different ways to measure income inequality and wealth inequality. Two researchers claim that global income inequality is decreasing, due to strong economic growth in developing countries. Neoclassical economics views inequalities in the distribution of income as arising from differences in value added by labor, capital and land. Within labor income distribution is due to differences in value added by different classifications of workers. Another cause is the rate at which income is taxed coupled with the progressivity of the tax system. Additionally, steeper tax progressivity applied to social spending can result in a more equal distribution of income across the board. Research has shown an inverse link between income inequality and social cohesion. Kuznets' curve predicts that income inequality will eventually decrease given time. Show More Sentences As an example, income inequality did fall in the United States during its High school movement from 1910 to 1940 and thereafter. In recent years the characteristic that has strongly correlated with health in developed countries is income inequality. National income inequality is positively related to the country's rate of schizophrenia. There have been over fifty studies showing tendencies for violence to be more common in societies where income differences are larger. Higher income inequality led to less of all forms of social, cultural, and civic participation among the less wealthy. Greater income inequality can lead to monopolization of the labor force, resulting in fewer employers requiring fewer workers. A 2013 report on Nigeria suggests that growth has risen with increased income inequality. As measured by the Gini index, Greece as of 2008 had more income inequality than the economically healthy Germany. The ad valorem property tax policy combined with rising prices made it difficult or impossible for low income residents to keep pace. By contrast, the vast majority of the population is dependent on income in the form of a wage or salary. Economist Tyler Cowen has argued that though income inequality has increased within nations, globally it has fallen over the last 20 years. As a result, income and economic inequality increases, and it becomes more difficult to reduce the gap without additional aid. Wage ratio legislation has also been proposed as a means of reducing income inequality. One third of UK households are living below what is considered an adequate income according to the JRF research. The lowest third of incomes will suffer falls in income over the coming years. The median is such an income that exactly a half of households earn more than that and the other half earns less. However, their reports expressly avoid using the word poverty, using low income instead. Persistent poverty is the effects of experiencing low income for long periods of time. The poverty threshold, poverty limit or poverty line is the minimum level of income deemed adequate in a particular country. Notice that if everyone's real income in an economy increases, and the income distribution does not change, absolute poverty will decline. Show More Sentences The poverty line is then defined as the amount of income required to satisfy those needs. For example, if everyone in a country's income doubled, it would not reduce the amount of 'relative poverty' at all. So, despite everything these programs do to relieve poverty, they aren't counted as income when Washington measures the poverty rate. They must submit their reports to the Enforcement Directorate and income tax department. While these cartels bring violence and hazards into communities, they create jobs and provide income for its many members. However, a small number of countries tax their citizens on their worldwide income regardless of where they reside. Most countries impose taxes on income earned or gains realized within that country regardless of the country of residence of the person or firm. Also income tax would still be due on any salary or dividend drawn from the legal entity. Tax shelters are investments that allow, and purport to allow, a reduction in one's income tax liability. Oxfam blamed tax havens in its 2016 annual report on income inequality for much of the widening gap between rich and poor. Being Mexican and having foreign investments or bank accounts is not a crime, but having income and not declaring it is illegal. Network Rail is an arms length public body of the Department for Transport with no shareholders, which reinvests its income in the railways. The ability of middlemen was measured by the rent income they could contrive to extract from tenants. Charities do not normally have to pay income tax or corporation tax, capital gains tax or stamp duty. There was peace and prosperity, as the national income per person grew by half. From 1964 up until 1996, income per head had doubled, while ownership of various household goods had significantly increased. He supplemented his novelist's income with freelance journalism, and book and film reviews. Much of this income is creamed off by Uncle James, a poacher and a very violent man who visits the family regularly though he is never welcome. After being rebuffed, he found work with Strand Films, providing him with his first regular income since the Daily Post. The Thomas family lived on a tiny income and lacked the comforts of modern life, largely through their own choice. Show More Sentences The amount of money awarded depends on the income of the Nobel Foundation that year. For the next four years Shaw made a negligible income from writing, and was subsidised by his mother. From 1861 to 1872, he supplemented his income by working as a church organist and music teacher, and writing hymns and songs. Nonetheless, the bonds liquidated in 2007 as originally planned, without default, and the rights to the income from the songs reverted to Bowie. Thereafter he earned a steady income from commissions and sales, which due to his troubled, contrary nature, were often begrudgingly accepted. At 25 years of age, Hume, although of noble ancestry, had no source of income and no learned profession. The journal stated that taxation of the wealthy is the best way to make use of the disposable income they receive. Although her family had a comfortable income when she was a child, her father gradually squandered it on speculative projects. Marx's father died in May 1838, resulting in a diminished income for the family. His main source of income was his colleague Engels, who derived much of his income from his family's business. All players are amateur, although players at a high level may receive income from sources such as sponsorship and grants. It has a high income economy backed by the world's sixth largest oil reserves. According to the World Bank, the country has the fourth highest per capita income in the world. International trading was one of Kuwait's main sources of income before oil. The laws of the federal government and of some state governments impose excises known as the income tax. This phenomenon has been growing in recent years as people of low income countries are aspiring to enter developed countries in search of jobs. Imports are impacted principally by a country's income and its productive resources. This problem comes about because the state does not provide enough income for necessities. Few Ariaal families benefited from education, healthcare, and income earning. The sector provides key communication services, and in the process facilitates job creation and income generation. Show More Sentences Funds have especially gone toward building telecommunications infrastructure and increasing disposable income by supporting small businesses. Egalitarianism is highly valued among the people of Iceland, with income inequality being among the lowest in the world. It is a developed country with an advanced, high income economy and high living standards. The income from the salt trade was lost in 1594 because of the establishment of the ducal salt monopoly. The Punjab is the wealthiest Indian state per capita, with the average Punjabi income three times the national average. The Scottish Trades Union Congress called for the full devolution of income tax, many welfare benefits and a different immigration policy. The oil related industries are a major source of employment and income in these regions. The Scottish Government has the power to raise or lower the rate of income tax in Scotland by up to 3p in the pound. Subtracting I from both sides of the equation, we can write the national income accounts identity as. The national income accounts identity shows that net capital outflow always equals the trade balance. Diving provides a substantial amount of trade and income for the local economy. Huge increases in Super Tax and income tax rates were not followed by sales and purchase tax revenue rises. Leaders in the movement also called for a more equitable distribution of income and better living conditions for the working classes. However, these reforms have also caused a rise in income inequality and gender disparities. Mining in Wales provided a significant source of income to the economy of Wales throughout the nineteenth century and early twentieth century. The resulting high interest rates caused more Canadian income to be paid out to foreign holders of Canadian public and private sector debt. Because of this, a vast income was raised from visiting pilgrims in the Middle Ages. Pilgrimages later fell out of favour due to practices such as the selling of indulgences, and the income from them faded away. Many local fishermen received financial compensation for the loss of income due to the ban. Today Llangollen relies heavily on the tourist industry, but still gains substantial income from farming. Show More Sentences The expectation of higher future income and higher future inflation stimulated demand and investments. The drop in exports led to a lack of disposable income from the farmers, who were the mainstay of the local economy. By 1955 income no longer covered operating costs, and things got steadily worse. During the Naughty Noughties, Jim was worth between ten and twelve million dollars and his income was more than even he could reasonably spend. The interwar agricultural depression aggravated traditional income inequality, raising fertility and impeding the spread of mass schooling. Subsidies were offered for those below a certain income to assist switchover for them. With the average age of the population decreasing and income levels on the rise, the popularity of beer in the country continues to increase. Wind projects also revitalize the economy of rural communities by providing steady income to farmers and other landowners. Seabird tourism can provide income for coastal communities as well as raise the profile of seabird conservation. In these places, pilot whales provide valuable income for people living in rural fishing communities. You don't want to jeopardize your primary source of income or any savings you've socked away in your effort to boost your earnings on the side. The selling of these permits is a main source of income for many of these communities. The per capita income in Sardinia is the highest of the southern half of Italy. Therefore, Svalbard has a lower income tax than mainland Norway, and there is no value added tax. It can be noted by the huge difference in statistical income between the northern and southern regions and municipalities. Fisheries are a huge global business and provide income for millions of people. Through this program of action we address ourselves to putting our own national house in order and making income balance outgo. Tuna fishermen have a scheme where surplus stock is not bought up, but fishermen receive direct compensation if their income falls. Tourism is the main and even almost unique source of income of the commune. He derived income from fines, court fees and the sale of charters and other privileges. Show More Sentences Tourism also supports small communities in coastal areas and islands by providing alternative sources of income far from urban centers. North Dakota's personal income growth is tied to various private business sectors such as agriculture, energy development, and construction. At end of 2010, the state per capita income was ranked 17th in the nation, the biggest increase of any state in a decade from rank 38th. The reduction in the unemployment rate and growth in per capita income is attributable to the oil boom in the state. Overall, body mass index and cholesterol levels increase sharply with national income and the degree of urbanization. According to Citigroup 9 of 11 Global Growth Generators countries came from Asia driven by population and income growth. By 1840, per capita income in the South was well behind the Northeast and the national average. In 1913 the Government Law Officers gave an opinion that the Duke of Cornwall is not liable to taxation on income from the Duchy. Approximately half of this income was spent on public and charitable works. Since 1993, the Prince of Wales has voluntarily paid income tax on the duchy income less amounts which he considers to be official expenditure. There was a large fee income for the clerk, and he was usually a friend or relative of the custos. Many jurisdictions refer to income tax on business entities as companies tax or corporate tax. Some jurisdictions impose the higher of an income tax or a tax on an alternative base or measure of income. Taxable income of taxpayers resident in the jurisdiction is generally total income less income producing expenses and other deductions. Deductions typically include all income producing or business expenses including an allowance for recovery of costs of business assets. Nonresidents are taxed only on certain types of income from sources within the jurisdictions, with few exceptions. One of the first recorded taxes on income was the Saladin tithe introduced by Henry II in 1188 to raise money for the Third Crusade. The tithe demanded that each layperson in England and Wales be taxed one tenth of their personal income and moveable property. The inception date of the modern income tax is typically accepted as 1799, at the suggestion of Henry Beeke, the future Dean of Bristol. While tax rules vary widely, there are certain basic principles common to most income tax systems. Show More Sentences Few jurisdictions tax nonresidents other than on specific types of income earned within the jurisdiction. Residents, however, are generally subject to income tax on all worldwide income. Most systems define income subject to tax broadly for residents, but tax nonresidents only on specific types of income. What is included in income for individuals may differ from what is included for entities. The timing of recognizing income may differ by type of taxpayer or type of income. Many systems exclude from income part or all of superannuation or other national retirement plan payments. Most tax systems exclude from income health care benefits provided by employers or under national insurance systems. Nearly all income tax systems permit residents to reduce gross income by business and some other types of deductions. Only net income from business activities, whether conducted by individuals or entities is taxable, with few exceptions. Tax systems in those countries often define taxable income as income per those financial statements with few, if any, adjustments. Nearly all systems permit residents a credit for income taxes paid to other jurisdictions of the same sort. Thus, a credit is allowed at the national level for income taxes paid to other countries. Many income tax systems permit other credits of various sorts, and such credits are often unique to the jurisdiction. Nearly all jurisdictions require those paying employees or nonresidents to withhold income tax from such payments. Multiple conflicting theories have been proposed regarding the economic impact of income taxes. Tax avoidance strategies and loopholes tend to emerge within income tax codes. In Australia's tax system, personal and company income tax are the main sources of government revenue. Tourism provides a significant part of local income and many sites in the area are popular. The major sources of income for a farm will come from the sale of lambs and the shearing of sheep for their wool. The income from these lands would go towards providing the oil for the lights. Show More Sentences Fisheries and tourism are significant sources of income all along the Adriatic coast. Mining has also been an important source of income in Lower Saxony for centuries. Ukraine has one of the most equal income distribution as measured by Gini index and Palma ratio. This was done not along national or even largely geographical lines, but primarily to assure equal income amongst his sons after his death. Measured by GDP per capita, the Nordic countries have a higher income than the Eurozone countries. The wealth and income of the Rus' depended heavily upon trade with Byzantium. Leading soldiers and officials received income and land from the princes in return for their political and military services. Within the decade between 2003 and 2013, income inequality grew even in traditionally egalitarian countries like Germany, Sweden and Denmark. It is estimated that the per capita income of northern Italy nearly tripled from the 11th century to the 15th century. Cuba's income distribution compared favorably with that of other Latin American societies. However, income inequality was profound between city and countryside, especially between whites and blacks. Per capita income has been growing substantially in recent years, as have consumer expenditures. Nevertheless, educational attainment in Macau is relatively low when compared to other high income countries. This is covered by tax revenues and income derived from public contributions. Bahrain has a high Human Development Index and was recognised by the World Bank as a high income economy. Many renters retained ties to the estates, diversifying their household's sources of income and level of economic security. Melbourne Beach is second in Brevard County for per capita income and 124 out of 887 places. The economy of Peru is classified as upper middle income by the World Bank and is the 39th largest in the world. These measures failed to achieve their objectives of income redistribution and the end of economic dependence on developed nations. The flow of income from the New World proved vital to his militant foreign policy, but nonetheless his exchequer several times faced bankruptcy. Show More Sentences The boom generated much income and savings, but there were few investment possibilities in trade, due to the persisting Spanish trade embargoes. A large part of Mercator's income came from the sales of his terrestrial and celestial globes. The commissions and patronage of such wealthy individuals would provide an important source of income throughout his life. It was, after all, a hoped for source of the income that was needed to support them. People without a means to income can be rejected as residents by the governor. In Vanuatu, there is no income tax, withholding tax, capital gains tax, inheritance tax, or exchange control. This also means, however, that should there be a decline in income its demand will drop. Half the Jamaican economy relies on services, with half of its income coming from services such as tourism. From 1965 to 1969, black family income rose from 54 to 60 percent of white family income. According to the World Bank, Barbados is classified as being in its 66 top high income economies of the world. The popes condemned misunderstandings and abuses, but were too pressed for income to exercise effective control over indulgences. Either immediately or eventually, the beneficiaries will receive income from the trust property, or they will receive the property itself. The trust's income can, however, be taxed in the hands of either the trust or the beneficiary. This income was supplemented through work on commissions of assize, goal deliveries, and oyer and terminer. Opposition members blasted the Tory budget during Question Period on Wednesday, charging that it raises income taxes on the poorest Canadians. Among the many reforms he established was the banning of any ecclesiastic to have income from more than one church or parish. The Tennessee income tax does not apply to salaries and wages, but most income from stock, bonds and notes receivable is taxable. The Harmon decision should also apply to the Alaska system for income reporting purposes. Since independence, Botswana has had one of the fastest growth rates in per capita income in the world. Helen had a private income of several hundred pounds a year, and the couple lived in modest comfort in Hampstead. Show More Sentences Between 1876 and 1884 Asquith supplemented his income by writing regularly for The Spectator, which at that time had a broadly Liberal outlook. A graduated income tax was imposed, and there were increases in imposts on tobacco, beer and spirits. But another study found that states with a more progressive personal income tax have a higher percentage of sole proprietors in their workforce. Other measures such as access and quality of health care, income growth inequality, and educational standards are also used. Strictly speaking, capital has accumulated only when realised profit income has been reinvested in capital assets. In other words, the prices of all substitutes and complements, as well as income levels of consumers are constant. In the development of economic theory the distribution of income was considered to be between labor and the owners of land and capital. Most of the income came from the ducal lands, as well as from tolls and a few taxes. This income was collected by the chamber, one of the household departments. The king's income had declined seriously and royal control over the mints remained limited. Medieval rulers such as Henry enjoyed various sources of income during the 12th century. Revenue from the demesne formed the bulk of Henry's income in England, although taxes were used heavily in the first 11 years of his reign. The king had a steady income from crown lands, and could also take up substantial loans from Italian and domestic financiers. The clerical income from First Fruits and Tenths, which previously went to the Pope, now went to the King. Spending is financed by municipal income tax, state subsidies, and other revenue. Like his predecessor, Clement V, Pope John centralized power and income in the Papacy and lived a princely life in Avignon. Gladstone wanted to maintain a balance between direct and indirect taxation and to abolish income tax. The more people that paid income tax, Gladstone believed, the more the public would pressure the government into abolishing it. The ILP proposed to redistribute the national income, meeting the cost of the allowances by taxing high income earners. The first task of the new church was to provide income for her initial 500 ministers and places of worship for her people. Show More Sentences The latest Tory budget continued the trend begun in 2000 by making further small cuts in family income taxes. We included estimates of the inequality ratio and inequality gap, based on equivalized household income quintiles. A compensation program must be viewed by the participating physicians as being fairhanded in its distribution of the income produced. A flat tax means scrapping all income tax bands and the various exemptions and loopholes and replacing them with a single low rate. The Scottish Parliament has legislative authority for all other areas relating to Scotland, as well as a limited power to vary income tax. In particular, average income and population began to exhibit unprecedented sustained growth. The losses of income from the Diocese of Africa were equivalent to the costs of nearly 40,000 infantry or over 20,000 cavalry. The state income derived from natural resources includes a significant contribution from petroleum production. Cromwell made the various income streams put in place by Henry VII more formal and assigned largely autonomous bodies for their administration. Donations comprise its largest source of income, and it also relies heavily on the income from its various historic endowments. Consequently, in the same year the Act of First Fruits and Tenths transferred the taxes on ecclesiastical income from the Pope to the Crown. Wineries and vineyards in the Northern Neck and along the Blue Ridge Mountains also have begun to generate income and attract tourists. It was willingly supported by hundreds of thousands of investors and tax payers, despite the higher taxes on land and a new income tax. Addington opposed emancipation, instituted annual accounts, abolished income tax and began a programme of disarmament. It was supported by hundreds of thousands of investors and taxpayers, despite the higher taxes on land and a new income tax. The British economy benefitted in the first Thatcher ministry by tax income from North Sea oil coming on stream. Consequently, the value of the koha itself received in this context is not income in an economic sense. Leeds and Sheffield have around twice as much total income than any other university. Parliamentary grants to the Sovereign are not treated as income as they are solely for official expenditure. Through attractions, shops and accommodation, visitors provide an income and a livelihood to local employers and farmers. Find more words! 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What is the opposite of income? Words that rhyme with income What is the plural of income? What is the adjective for income? What is the noun for income? Translations for income Use our Sentence Generator Nearby Words incombustible In collaboration with in cold blood incoherently incoherent incoherency income effect income inequality incomer incomers incomes income statement 6-letter Words Starting With i in inc inco incom