ordinary income

noun

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

Example Sentences

The two main numbers you’re looking at are ordinary income and total taxable income — commonly referred to as adjusted gross income or AGI.

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Overall, however, it’s a relative pittance in postwar terms: The top tax rate on ordinary income was 90% or higher from 1944 through 1963, 70% from 1965 through 1981, and 50% from 1981 through 1986.

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It’s true that the capital gains tax has typically been lower than the tax on ordinary income, reaching as high as 40% only briefly in the 1970s.

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Tax capital gains at less than ordinary income.

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Money distributed through a 401K account will be taxed as ordinary income.

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