Income you have to claim on your tax return which is taxable but you actually never received cash for.
Congratulations on your new company car but if you use it for personal purposes, you have to worry about phantom income.
by giantfan1 May 4, 2012
In-com Tax-ee
adjective
1. A person who drastically changes their typical behavior to that of a higher class or status during the first months of the year as a result of receiving a refund on their income taxes.
2. A person who shows off material possessions or a falsely inflated lifestyle either in the streets or on social media as a direct result of receiving income tax refunds.
3. A guy/girl who shows affection during the first few months of the year in hopes of getting a piece of your income tax refund check.
adjective
1. A person who drastically changes their typical behavior to that of a higher class or status during the first months of the year as a result of receiving a refund on their income taxes.
2. A person who shows off material possessions or a falsely inflated lifestyle either in the streets or on social media as a direct result of receiving income tax refunds.
3. A guy/girl who shows affection during the first few months of the year in hopes of getting a piece of your income tax refund check.
Lisa told me to put a grocery bag over my feet before entering her "new" car, she's been acting real Income Taxy lately.
James broke up with me and is seeing other women now that he has that new gold chain, Keshia told me he would get income taxey on me.
James broke up with me and is seeing other women now that he has that new gold chain, Keshia told me he would get income taxey on me.
by TheShadeRoomInc March 14, 2017
by KlickAndABass December 13, 2016
Another week without a paycheck, his free-spending days a fond memory, he counted his discrushionary income in the roundest of numbers.
by Monkey's Dad March 16, 2020
When your a chick you save wave incoming and it correlates to ur pussy being wet or ur pussy being wet because you get turned on
by Asianchick909 August 20, 2021
Profits acquired through making people sick, such as Big Biz's hooking them on tobacco/alcohol/drugs/gambling, or a doctor's using methods and/or treatments that he knows will probably just either make his patients feel even worse or give them maladies/injuries that they didn't even have before.
It's difficult enough to prove in court that someone knew beforehand that his products or services would harm his customers, but then if he is eventually found guilty and ordered to finance a settlement, it's even harder to get him to part with any of his ill-gotten income.
by QuacksO September 15, 2019
by Ugaynow August 29, 2019