Income Tax Trash

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.

by Slamd96ex February 25, 2011

low income christmas

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"

by SnobSnob January 3, 2010

income tax

A long standing source of fraud on the fine citizens of the States of the US, - making use of legal terminology (legalese) to confound, confuse & obscufate the fact that the FEDERAL INCOME TAX is a tax on FEDERAL INCOME; - N0T a general tax on natural persons living & working in common occupations.

Federal Judges recieve their PAY from the FEDERAL GOVERNMENT. Therefore, they earn FEDERAL INCOME (a taxable source as defined in section 863 of title 26 -- the income tax code). Therefore, they owe FEDERAL INCOME TAX.

A construction worker gets his pay from non federal contracts in the private sector of on of the several states (such as California). His "income" does not come from a FEDERAL source nor any of the few named in section 861 & operative sections of the Internal Revenue Code. Therefore, his compensation for labor done within that state (geography is a deciding factor too -- jurisdictional) is NOT taxable.

by Curt Esident January 15, 2004

Progressive income tax

The more money you make, the higher taxes you pay.

Antonym: flat tax

We need to make taxation more progressive and raise taxes on the wealthy.

by The Drafted's guitar player September 6, 2005

low income

when someone makes under 25,000 a year they are considered 'low income'

can also mean someone whos down low and dirty in their ways

look at that italian over there frontin like hes making big money when he's only making 10 g year and lives with his parents. Wow, thats LOW income.

by Crimeons August 30, 2007

Income gap rap

Rap music made by people in the richest percentage of the country, far removed from the humble and poor beginnings of many of today's biggest stars. Coined by Hua Hsu in his review of Jay-Z and Kanye West's Watch the Throne on the Grantland website.

Wow, Ye-Z went income gap rap on Watch the Throne while the real income gap in America is just increasing.

by TheMats August 12, 2011

sucklemental income

Any extra income earned from sucking dick, performing fellatio, smoking the pole, playing the skin flute or whatever YOU and your click may call it. This type of income is generally not from your primary job/career rather, from blowing crank on the side.

Edgar: Damn girl! How can you afford such a nice ass car on your minimum wage job?

Evelia : Oh, I've been earning a sucklemental income on the corner of Guadalupe and 17th by gargling meat sticks.

by Bobbaganoosh81 August 3, 2011