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

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

The negative income would be shown as a deferred asset on the Fed's balance sheet, which "would be extinguished over time as net income turned positive again in later years."

From Reuters • Aug. 17, 2022

President Nixon proposed replacing the entire welfare system with the Family Assistance Plan that would have operated almost like a negative income tax to put an income floor below low-income families.

From Salon • May 29, 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 Colignatus, Thomas