A system where the government gives free money to all, dealing with poverty, and the growing mechanisation of work.
The liberal politician supported Universal Basic Income.
by Politics1234 March 12, 2017
#1: What do you mean you can't afford to go out? It's payday, and you had a raise last month!
#2: (Sighs) "Nah, I have a cotton candy income. Just as soon as the rent, rates and taxes, insurance and credit card installment go off I'll be back in the red..."
#2: (Sighs) "Nah, I have a cotton candy income. Just as soon as the rent, rates and taxes, insurance and credit card installment go off I'll be back in the red..."
by mynah1 September 15, 2009
A person that pretends to be a baller, aka have alot if money, when they get their income tax refund.
You know that income tax baller just got her check. She usually shops at H&M and now she's at Saks during tax season.
by IvanDA December 11, 2013
The relative rating between a person's likely years left before dying and their annual income or networth.
My nana is dating again and she's getting pretty serious with this guy Sol. The nursing home gave him an 'A' rating for his Death to Income Ratio.
by L-Dub Elie April 12, 2017
in economics, the net income from assets that are owned by foreigners. The citizens of a country will own assets that are physically located overseas (for example, real estate in another country, shares of foreign stock, or even labor performed while an expatriate), and those assets earn income. At the same time, foreigners likewise earn income on assets located in ones' own country.
If domestically-owned assets located abroad earn more income than domestic assets owned by foreigners, then there will be a net flow of income from overseas. This is a collateral benefit to running a trade surplus, especially over several years.
An example might be the United Kingdom (UK) during the 19th century. Prior to the 1880's, the UK exported far more than it imported. With the foreign money, it bought assets in the economies of other countries, such as the USA, Continental Europe, and the future Commonwealth of Nations. These assets naturally earned a lot of income, as they accumulated over many decades. The income from these assets was so large that, after the 1880's, the UK ran a trade deficit but still had a current account surplus.
In the case of the UK, the current account surplus from the NFFI was still large enough that the UK could continue to buy foreign assets that earned income, even as its trade deficit grew during the early 20th century.
If domestically-owned assets located abroad earn more income than domestic assets owned by foreigners, then there will be a net flow of income from overseas. This is a collateral benefit to running a trade surplus, especially over several years.
An example might be the United Kingdom (UK) during the 19th century. Prior to the 1880's, the UK exported far more than it imported. With the foreign money, it bought assets in the economies of other countries, such as the USA, Continental Europe, and the future Commonwealth of Nations. These assets naturally earned a lot of income, as they accumulated over many decades. The income from these assets was so large that, after the 1880's, the UK ran a trade deficit but still had a current account surplus.
In the case of the UK, the current account surplus from the NFFI was still large enough that the UK could continue to buy foreign assets that earned income, even as its trade deficit grew during the early 20th century.
by Abu Yahya February 14, 2009
1. (n) A douchebag, usually a minority of low income with multiple children, or other people's children that they've claimed as their own for income tax purposes, that receive large sums of money around late January to early April from income tax refunds. They are usually recognizable by the large amounts of money spent on foolish items such as jewelry, rims, clothes, and other personal things other than bills and debt. These "ballers" carry themselves as if they were wealthy for about 1 week out of the year, and go back to being unintelligent degenerate, low life, drains on society for the other 51 weeks of the calendar year. They usually have very low FICA scores, and live in low-income housing. Most of the time taking advantage of and crippling federal programs designed to help poverty stricken or disabled persons, such as Federal Welfare, Food Stamps, and Medicaid Health Insurance.
Dave: Have you seen Johnny's new fresh fit?
Jeff: Yeah I heard he got back 7G's this year, and also got some 22's on his ride.
Dave: Yeah, Too bad he drives a 91' Geo Storm, and lives in Section 8.
Jeff: True, they just repo'd his recliner from Rent a Center.
Dave: That dude's Income Tax Trash.
Jeff: Don't give broke people money, they don't know how to act.
Jeff: Yeah I heard he got back 7G's this year, and also got some 22's on his ride.
Dave: Yeah, Too bad he drives a 91' Geo Storm, and lives in Section 8.
Jeff: True, they just repo'd his recliner from Rent a Center.
Dave: That dude's Income Tax Trash.
Jeff: Don't give broke people money, they don't know how to act.
by Slamd96ex February 8, 2011
The period between Boxing Day and the end of the holidays when people on low incomes buy their presents and celebrate christmas at a discount. (due to the sales)
"Tina and her family consider the 29th of december to be their Low Income Christmas because they can't afford wrapping paper until it gets reduced."
"Bill: Hey george, what did you get for xmas?
George: Nothing Yet, we are having our Low Income Christmas tomorrow"
"Bill: Hey george, what did you get for xmas?
George: Nothing Yet, we are having our Low Income Christmas tomorrow"
by SnobSnob January 4, 2010