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Transfer Payment
(redirected from Transfer Income)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Transfer Payment
Money that a government gives to individuals, usually through a social welfare program. For example, elderly people in the United States who have paid FICA taxes for a certain number of years receive a Social Security check from the government every month. This is a transfer payment. Another type of transfer payment is money given to a state or province with the proviso that it will fund the state or province's social welfare programs. For example, under the Personal Responsibility and Work Opportunity Reconciliation Act in the United States, each state receives a certain amount of money from the federal government to fund welfare and similar programs for the poor.


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Water transfer income is generated by the rental and placement of water pumps, aluminum piping for the movement of water, BOP valves and BOP operating and control systems.
com/prnh/20100429/CG95838LOGO) "Families wishing to transfer income producing assets to younger generations, or to charitable organizations, have a historic opportunity to do so with little, to no, gift tax consequences," according to Gregory Frezados, a partner with the Advanced Planning and Family Office Practice Group of Handler Thayer, LLP.
The spending review paves the way for child benefit to be removed from families with a higher-rate taxpayer, triggering speculation that business owners could transfer income to their spouses to avoid higher tax brackets.
 
 
 
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