Basically welfare with less steps. The idea is that everyone gets a set income without any conditions or requirements, it is proposed as a way to ensure everyone has their basic human needs met. The overreaching economic impact is often brushed aside.
Universal basic income should've solved poverty in the inner city, but the residents spend all their newly acquired wealth on Jordans and chains.
by Slang_handler January 19, 2025
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 04, 2012
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
Let's see, I make €400 a week after tax. Rent is €100, food is €50, gas is €50, insurance is €150 all told, electricity is €75...crap, negative income! Better cut back on something.
by Rhodoferax July 27, 2010
I’m not sure about how it is used but am doing my best to find out , here I made my own example :
Income of expedite you bargain
Income of expedite you bargain
by Sa6oor July 09, 2018
A false wedding ring worn when the real one is too flashy. The income ring is used to hide how wealthy you are.
by Surf_much_rob May 05, 2019
My gross monthly income is $1,500.
by KlickAndABass December 13, 2016