unearned income
Noun
Meaning
unearned income (countable and uncountable, plural unearned incomes)
(taxation) Income that is not a wage, such as interest, dividends or realized capital gains from investments, rent from land or property ownership, and any other income that does not derive from work.
Hypernyms
Examples
Things might have been different if she hadn't been able to drift; if she'd had to concentrate on her next meal, instead of dwelling on all the injuries she felt we'd done her. An unearned income encourages self-pity in those already prone to it.
An unearned income encourages self-pity in those already prone to it.
Capitalism is defined as private ownership and control over the means of production, where the surplus product becomes a source of unearned income for its owners.
Georgist economists argue that all of the economic rent collected from natural resources (land, mineral extraction, fishing quotas, etc.) is unearned income, and belongs to the community rather than any individual.
In particular it should be noted that this is not the conventional measure of unearned income for an individual, which would be expected to reduce labour supply (as found in Kidd ).
Taxes can take a big bite from a child's unearned income, such as investment gains.