ordinary income

American  

noun

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

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Example Sentences

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

Interest earned on savings, bonds and CDs is generally taxed at ordinary income rates, so consult a tax professional to make sure how you can avoid sliding into a higher tax bracket.

From MarketWatch • Mar. 26, 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

In 1921 the receipts from this source were $308,025,102; and in many earlier years they were nearly half of the entire ordinary income of the national government.

From Government in the United States National, State and Local by Garner, James Wilford