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

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

When converting the money, the sum counts as ordinary income and the owner has to pay tax on the switched amount.

From MarketWatch • Nov. 22, 2025

The debt was a large one; and the ordinary income of the Crown, unaided by Parliamentary supplies, was inadequate to meet its ordinary expenditure.

From History of the English People, Volume V Puritan England, 1603-1660 by Green, John Richard