final income

the INCOME received by a household (or person) after allowing for any payment of INCOME TAX and other taxes and the receipt of various TRANSFER PAYMENTS (social security benefits, etc.). Compare ORIGINAL INCOME. See REDISTRIBUTION-OFINCOME PRINCIPLE OF TAXATION.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

Mentioned in

distribution of income
income
original income
quantity theory of money
redistribution-of-income principle of taxation

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