negative income

American  

noun

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

---

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

A Wall Street Journal analysis of the tax data released by the committee showed that Trump and his wife Melania declared "negative income" in four of the six years between 2015 and 2020.

From Salon • Dec. 21, 2022

The Fed accounts for negative income with an accounting measure it calls a deferred asset.

From Reuters • Oct. 28, 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