Income gained through ownership of land and other monopoly
This article is about a property of personal income. For the financial accounting term, see deferred income. For The concept of unearned income in economics, see Economic rent. For more specific term for income from the ownership of capital equipment or equity, see Property income.
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Unearned income is a term coined by Henry George to refer to income gained through ownership of land and other monopoly. Today the term often refers to income received by virtue of owning property (known as property income), inheritance, pensions and payments received from public welfare. The three major forms of unearned income based on property ownership are rent, received from the ownership of natural resources; interest, received by virtue of owning financial assets; and profit, received from the ownership of capital equipment.[1] As such, unearned income is often categorized as "passive income".
Unearned income can be discussed from either an economic or accounting perspective, but is more commonly used in economics.
^O'Hara, Phillip (September 2003). Encyclopedia of Political Economy, Volume 2. Routledge. p. 1135. ISBN 0-415-24187-1. Property income is, by definition, received by virtue of owning property. Rent is received from the ownership of land or natural resources; interest is received by virtue of owning financial assets; and profit is received from the ownership of production capital. Property income is not received in return for any productive activity performed by its recipients.
Unearnedincome is a term coined by Henry George to refer to income gained through ownership of land and other monopoly. Today the term often refers to...
Deferred income (also known as deferred revenue, unearned revenue, or unearnedincome) is, in accrual accounting, money received for goods or services...
Passive income is a type of unearnedincome that is acquired with minimal labor to earn or maintain. It is often combined with another source of income, such...
actually takes home as pay. UnearnedIncome: All income that is not earned income. However, some types of unearnedincome (e.g., SSI retroactive payments...
Massachusetts taxes "unearnedincome" at 12%; some categories allow a 50% deduction, producing an effective rate of 6%. See Individual Income Tax Provisions...
equipment. As such, property income is a subset of unearnedincome and is often classified as passive income. Property income is nominal revenues minus expenses...
minimum income Negative income tax Refund anticipation loan Taxation in the United States Unearnedincome "Publication 596 (2021), Earned Income Credit...
loss”. Capital gains tax Cash flow Investment Passive income Property income Profit Unearnedincome Piketty, Thomas (2014). "Capital in the Twenty-First...
of redirect targets Passive income – Income that requires little to no effort to earn and maintain Unearnedincome – Income gained through ownership of...
large supplemental tax on unearnedincome. In addition, the local government units in Sweden rely almost only on a local income tax as their basis of revenue...
natural resources (land, mineral extraction, fishing quotas, etc.) is unearnedincome, and belongs to the community rather than any individual. They advocate...
can be found in Internal Revenue Code § 1(g), which "taxes certain unearnedincome of a child at the parent's marginal rate, no matter whether the child...
estate. The proportion of total income that is exempt from FICA tax as "unearnedincome" tends to rise with higher income brackets. Some, including Third...
(post-Roman Europe) Piety Polish landed gentry Rent-seeking Ratione soli Unearnedincome "Gainsborough by James Hamilton review – the painter's secret sauciness"...
relative to GDP. Reagan's 1981 cut in the top regular tax rate on unearnedincome reduced the maximum capital gains rate to only 20% — its lowest level...
the impact of unearned earnings on labor supply. The group studied the implications of policy interventions such as Universal Basic Income or other federal...
self-conscious about his upper-class status and defensive about his unearnedincome. Comstock speculates that Ravelston receives nearly two thousand pounds...
component. Economic rent is viewed as unearned revenue while economic profit is a narrower term describing surplus income earned by choosing between risk-adjusted...
beneficiaries under 19 (under 24 if a student), the first $1,000 of unearnedincome was tax-free, the second $1,000 was taxed at the minor's rate (typically...
policy known as land value tax, which targeted a particular form of unearnedincome known as ground rent. George emphasized ground-rent because basic locations...
of his labor through the elimination of exploitation and accrual of unearnedincome to a capitalist class. The term means simply that each worker in a...
means of production, where the surplus product becomes a source of unearnedincome for its owners. Under this system, profit-seeking individuals or organizations...
to move abroad because, "At that point we were taxed up to 98% on unearnedincome, so you would never be able to save enough to ensure that you had any...
Neocolonialism Overexploitation Property income Prosumerism Rate of exploitation Sharecropping Trafficking of children Unearnedincome Unequal exchange Unfree labour...
Activity License (CAL) and pay the Business Income and Receipts Tax (BIRT) and the NPT. Residents with unearnedincome except interest from checking and savings...
Revenue $1 | Revenue | $1 | The unearned revenue after the first month is therefore $11 and revenue reported in the income statement is $1. Accrued revenues...
owners and monopolists via economic rents, and that this concentration of unearned wealth is the main cause of poverty. George considered it a great injustice...
The Volunteer Income Tax Assistance (VITA) grant program is an Internal Revenue Service (IRS) initiative in the United States that supports free tax preparation...
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