An official document that income tax payers are required to complete to state income amounts, deductions, contributions and related financial information for tax purposes.

plural of income tax return

a progressive income tax system in which people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.

plural of negative income tax

A form of social security, whereby all citizens or qualified residents, receive a sum of money on a regular schedule unconditionally.

(economics) A more recent designation for gross national product, the total market value of all the goods and services produced by a nation.

plural of middle income trap

(economics) The situation where a country that attains a certain income gets stuck at that level, being unable to compete with other more developed economies in the high-value-added market.

(economics) an economic metric that measures the responsiveness of a quantity demanded for a good to a change in income, calculated as the percent change in demand over the percent change in income

(economics) A theory attempting to describe how agents spread consumption over their lifetimes, supposing that a person's consumption at a point in time is determined not just by their current income but also by their expected income in future years, which is seen as the driver of change.