negative income

American  

noun

1. invested income that has produced a loss and hence may yield a tax deduction.

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Example Sentences

See Examples For:

negative income

The central bank captures the net negative income situation in an accounting measure called a deferred asset, which as of Nov. 22 stood at $120.4 billion.

From Reuters ● Nov. 27, 2023

But before that, he reported zero or negative income, claiming tens, and sometimes hundreds, of millions of dollars in losses from his businesses.

From Washington Post ● Jan. 3, 2023

In both 2015 and 2016, DiMenna's negative income also entitled him to $2,000 in refundable child tax credits, meant to support middle-class families with child care expenses.

From Salon ● Nov. 4, 2021

In more modern times, Milton Friedman, darling of laissez-faire economics, embraced the idea of negative income taxes that put cash in the hands of the poorest people.

From New York Times ● May 30, 2018

The negative income tax or basic benefit is often presented as a solution to the current unemployment problem.

From Definition & Reality in the General Theory of Political Economy by Thomas Colignatus

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