lifetime income

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• Lifetime income tax — A lifetime income tax is an income tax that would tax a person based on their cumulative lifetime income, rather than their yearly income as is currently done throughout the world. A lifetime income tax is currently just a proposal that has been… …   Wikipedia

• lifetime — noun ADJECTIVE ▪ long ▪ wisdom gained in the course of a long lifetime ▪ short ▪ A lifetime is too short for all the great books there are! ▪ entire …   Collocations dictionary

• Income tax — Public financeAn income tax is a tax levied on the financial income of persons, corporations, or other legal entities. Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or… …   Wikipedia

• income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

• income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

• income — The return in money from one s business, labor, or capital invested; gains, profits, salary, wages, etc. The gain derived from capital, from labor or effort, or both combined, including profit or gain through sale or conversion of capital. Income …   Black's law dictionary

• Life Income Fund - LIF — In Canada, a type of registered retirement income fund that is used to hold pension funds, and eventually payout retirement income. The life income fund (LIF) cannot be withdrawn in a lump sum; rather, owners must use the fund in a manner that… …   Investment dictionary

• Permanent income hypothesis — The permanent income hypothesis (PIH) is a theory of consumption that was developed by the American economist Milton Friedman. In its simplest form, PIH states that the choices made by consumers regarding their consumption patterns are determined …   Wikipedia

• Life-cycle Income Hypothesis — Italian American Economist Franco Modigliani, winner of Nobel Memorial Prize in Economics in 1985, originated the Life cycle Income Hypothesis base on Irving Fisher s model of inter temporal choice. In Modigliani s Life cycle Hypothesis, or LCH… …   Wikipedia

• Household income in the United States — For information on the income of individuals, see Personal income in the United States. Median household income in the United States, by county, in 2008 Income in the United States …   Wikipedia

• Basic income — A basic income is a proposed system of social security, that periodically provides each citizen with a sum of money that is sufficient to live on. Except for citizenship, a basic income is entirely unconditional. Furthermore, there is no means… …   Wikipedia