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Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.
Andrew Lloyd Webber

Meaning of "earned income" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF EARNED INCOME

earned income play
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GRAMMATICAL CATEGORY OF EARNED INCOME

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Earned income is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES EARNED INCOME MEAN IN ENGLISH?

Earned income tax credit

The United States federal earned income tax credit or earned income credit is a refundable tax credit for low to moderate income working individuals and couples—particularly those with children. The amount of EITC benefit depends on a recipient’s income and number of children. For a person or couple to claim one or more persons as their qualifying child, the relationship, age, and shared residency requirements must be met, as well as some other requirements. In the 2013 tax year, working families with children that have annual incomes below $37,870 to $51,567 may be eligible for the federal EITC. Workers without children that have incomes below about $14,340 can receive a very small EITC benefit. U.S. tax forms 1040EZ, 1040A, or 1040 can be used to claim EITC without qualifying children. To claim the credit with qualifying children, 1040A or 1040 must be used along with Schedule EITC attached. EIC phases in slowly, has a medium-length plateau, and then phases out more slowly than it phased in. And since the credit phases out at 21% or 16%, it is always preferable to have one more dollar of actual salary or wages.

Definition of earned income in the English dictionary

The definition of earned income in the dictionary is income derived from paid employment and comprising mainly wages and salaries.

WORDS THAT BEGIN LIKE EARNED INCOME

early-evening
early-morning
early-music
early-type star
early-warning
earlywood
earmark
earmuff
earn
earn one´s daily bread
earner
earnest
earnest money
earnestly
earnestness
earning power
earnings
Earnings Related Benefit
Earnings Related Supplement
earnings-related

WORDS THAT END LIKE EARNED INCOME

accrued income
ancome
assessable income
assessed income
become
cash income
discretionary income
disposable income
downcome
foreign currency income
franked investment income
gross domestic income
high-income
income
investment income
lower-income
national income
per capita income
private income
residual income
unearned income

Synonyms and antonyms of earned income in the English dictionary of synonyms

SYNONYMS

Translation of «earned income» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF EARNED INCOME

Find out the translation of earned income to 25 languages with our English multilingual translator.
The translations of earned income from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «earned income» in English.

Translator English - Chinese

工资收入
1,325 millions of speakers

Translator English - Spanish

ingreso del trabajo
570 millions of speakers

English

earned income
510 millions of speakers

Translator English - Hindi

अर्जित आय
380 millions of speakers
ar

Translator English - Arabic

الدخل المكتسب
280 millions of speakers

Translator English - Russian

трудовой доход
278 millions of speakers

Translator English - Portuguese

rendimentos auferidos
270 millions of speakers

Translator English - Bengali

অর্জিত আয়
260 millions of speakers

Translator English - French

revenu gagné
220 millions of speakers

Translator English - Malay

Pendapatan yang diperolehi
190 millions of speakers

Translator English - German

Arbeitsverdienst
180 millions of speakers

Translator English - Japanese

勤労所得
130 millions of speakers

Translator English - Korean

근로 소득
85 millions of speakers

Translator English - Javanese

Entuk dhuwit
85 millions of speakers
vi

Translator English - Vietnamese

thu nhập
80 millions of speakers

Translator English - Tamil

வருமானம் ஈட்டியது
75 millions of speakers

Translator English - Marathi

मिळवलेली कमाई
75 millions of speakers

Translator English - Turkish

Kazanılmış gelir
70 millions of speakers

Translator English - Italian

reddito da lavoro
65 millions of speakers

Translator English - Polish

uzyskał przychody
50 millions of speakers

Translator English - Ukrainian

трудовий дохід
40 millions of speakers

Translator English - Romanian

veniturile obținute
30 millions of speakers
el

Translator English - Greek

εισόδημα
15 millions of speakers
af

Translator English - Afrikaans

inkomste
14 millions of speakers
sv

Translator English - Swedish

förvärvsinkomster
10 millions of speakers
no

Translator English - Norwegian

inntekt
5 millions of speakers

Trends of use of earned income

TRENDS

TENDENCIES OF USE OF THE TERM «EARNED INCOME»

The term «earned income» is regularly used and occupies the 75.429 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Regularly used
65
/100
The map shown above gives the frequency of use of the term «earned income» in the different countries.
Principal search tendencies and common uses of earned income
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «earned income».

FREQUENCY OF USE OF THE TERM «EARNED INCOME» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «earned income» during the past 500 years. Its implementation is based on analysing how often the term «earned income» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about earned income

EXAMPLES

QUOTES WITH «EARNED INCOME»

Famous quotes and sentences with the word earned income.
1
Andrew Lloyd Webber
Here's the truth. The proposed top rate of income tax is not 50 per cent. It is 50 per cent plus 1.5 per cent national insurance paid by employees plus 13.3 per cent paid by employers. That's not 50 per cent. Two years from now, Britain will have the highest tax rate on earned income of any developed country.

10 ENGLISH BOOKS RELATING TO «EARNED INCOME»

Discover the use of earned income in the following bibliographical selection. Books relating to earned income and brief extracts from same to provide context of its use in English literature.
1
Selling Social Change (Without Selling Out): Earned Income ...
"Andy Robinson shows, once and for all, how commerce can be used to create social change. If you want to generate more income for your organization, strengthen your programs, and revitalize your mission, buy this book.
Andy Robinson, Kim Klein, 2007
2
Generating and sustaining nonprofit earned income: a guide ...
This book provides valuable information to support the efforts of nonprofit entrepreneurs to succeed in creating and operating ventures that are both sustainable and replicable while meeting economic and societal needs.
Sharon M. Oster, Cynthia W. Massarsky, Samantha L. Beinhacker, 2004
3
J.K. Lasser's Your Income Tax 2013: For Preparing Your 2012 ...
36.2 • Caution Rental Income Rental income is generally not earned income. However, if you perform personal services, for example as an owner-manager of a hotel or rooming house in a foreign country, then up to 30% of your net rents may ...
J.K. Lasser Institute, 2012
4
Arts and Cultural Programming: A Leisure Perspective
The Money Mix— Earned and Unearned Income Earned income is revenue that the organization brings in through program activities, concession sales, merchandise sales, and other income generators directly related to the goods or services ...
Gay Carpenter, Douglas Emerson Blandy, 2008
5
The Encyclopedia of Taxation & Tax Policy
The earned income tax credit (EITC) was originally enacted in 1 975, and over the years it has grown to be one of the principal antipoverty programs in the federal budget. The credit underwent significant expansions in 1990 and 1993. In 2003 ...
Joseph J. Cordes, Robert D. Ebel, Jane Gravelle, 2005
6
International Income Taxation: Code and Regulations, ...
$50,000 ($75,000 excluded amounts less $25,000 of deductible expenses allocable thereto) $75,000 (($120,000 foreign earned income less $40,000 of deductible expenses allocable thereto) less $15,000 Chousing cost amount deduction ...
Robert J. Peroni, Charles H. Gustafson, Richard Crawford Pugh, 2008
7
J.K. Lasser's Your Income Tax 2012: For Preparing Your 2011 ...
For purposes of the credit, earned income includes wages, salary, tips, commissions, jury duty pay, union strike benefits, certain disability pensions, and net earnings from self-employment. An election may be made to include combat pay that ...
J. K. Lasser, 2011
8
Earned Income Credit: Targeting to the Working Poor
Targeting to the Working Poor DIANE Publishing Company. Noncompliance In 1994, during initial manual reviews of tax year 1993 eic paper returns, irs personnel identified about 150,000 taxpayers who claimed the eic although the return ...
DIANE Publishing Company, 1995
9
Earned income credit opportunities to make recertification ...
Taxpayers earning income below a certain level may claim the credit.4 The amount of the EIC increases with increasing income, plateaus at a certain level of earnings, and then decreases until it reaches zero when earned income exceeds the ...
10
Earned income tax credit implementation of three new tests ...
(3) misreporting, primarily underreporting, their income ($2 billion in overclaims). In all three cases, these errors resulted in taxpayers receiving a larger credit than they should have received. IRS received about $52 million in fiscal year 2004 ...

10 NEWS ITEMS WHICH INCLUDE THE TERM «EARNED INCOME»

Find out what the national and international press are talking about and how the term earned income is used in the context of the following news items.
1
ABCD Praises the Passage of a State Budget with an Increase in the …
Today, the Massachusetts Legislature approved its Fiscal Year 2016 budget which contains an increase in the state Earned Income Tax Credit ... «Sampan, Jul 15»
2
GOP road plans not viable for Michigan
A bill to cut the Earned Income Tax Credit as part of the roads package ... The threat of totally eliminating Michigan's Earned Income Tax Credit, ... «Detroit Free Press, Jul 15»
3
Budget calculator – summer 2015
This calculator will show the differences for income tax, national insurance, child benefits and tax credits based on earned income only. «The Guardian, Jul 15»
4
Employers urge veto of bill to repeal tax break
... billion state budget approved by the Legislature Wednesday, lawmakers would pay for an increase in the state's earned income tax credit by ... «Boston Globe, Jul 15»
5
Budget 2015 – what it means to you
2015-16 The family have a net earned income of £13,967 which is topped up with £6,968 in working and child tax credits and £1,213 of ... «The Guardian, Jul 15»
6
The Extinction of the American Dream
For the year 2015, this limit on earned income is $15,720 ($1,310 per month). If you are collecting Social Security retirement benefits before full ... «Huffington Post, Jul 15»
7
2015 budget roundup: what effects will the announcements have?
However, while broadly welcoming the changes, the Low Incomes Tax Reform Group said people with a small earned income, such as ... «The Guardian, Jul 15»
8
Mass. lawmakers send $38 billion state budget to the Governor
State lawmakers also agreed to expand the Earned Income Tax Credit, a program that will allow the working poor to owe less in taxes. «wwlp.com, Jul 15»
9
It's alive: Massachusetts film tax credit survives another effort to kill it
Baker put the tax credit in his sights earlier this year, proposing to phase it out as a way to fund an expansion in the earned income tax credit for ... «MassLive.com, Jul 15»
10
Christie signs higher earned income tax credit into law
The new law increases the state's earned income tax credit from 20 percent to 30 percent of a similar federal rebate. The Christie administration ... «Press of Atlantic City, Jul 15»

REFERENCE
« EDUCALINGO. Earned income [online]. Available <https://educalingo.com/en/dic-en/earned-income>. Apr 2024 ».
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