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

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

He had a "negative income" for four out of the six years that were released to the public.

From Salon • Dec. 22, 2022

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 can be presented as a �basic benefit�: all members of society receive allowance A from the state, and pay taxes only on their additional income.

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