ordinary income

American  

noun

1. taxable income, as salary and wages, other than capital gains.

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Example Sentences

You would not face the 10% early withdrawal penalty, even if the money would still be taxed as ordinary income.

From MarketWatch • Apr. 6, 2026

These forced withdrawals are payback for years of valuable tax deferral and are taxed at ordinary income rates.

From The Wall Street Journal • Apr. 3, 2026

But they are more valuable as offsets to short-term gains because short-term gains are taxed at the same rates as ordinary income as high as 37%.

From Barron's • Mar. 21, 2026

Withdrawals for education, housing or business will be taxed as ordinary income.

From Los Angeles Times • Jan. 29, 2026

The city adopted a commission form and a four hundred thousand dollar floating debt was paid off in one year out of the ordinary income of the city.

From Elements of Debating by Lyon, Leverett S. (Leverett Samuel)