What is "Income"?

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  • Voodoo
    ♥ ♦ ♣ ♠
    • Sep 2002
    • 10600
    #1

    What is "Income"?

    There seems to be some conflicting definitions of the word "Income".

    http://www.google.com/search?hl=en&s...ition&ct=title

    the financial gain (earned or unearned) accruing over a given period of time
    wordnet.princeton.edu/perl/webwn
    --------------------------------------------------
    (Earned or Unearned)????

    Excess of revenues over expenses.
    https://www.vba.va.gov/ro/central/st...finitions.html
    --------------------------------------------------
    Excess revenues?

    Inflow of revenue during a period of time. (See net income.)
    www.startheregoplaces.com/glossary/
    --------------------------------------------------
    Inflow of "revenue"? (#1 Definition of "Revenue" defined on Dictionary.com as: the income of a government from taxation, excise duties, customs, or other sources, appropriated to the payment of the public expenses.) ~ Income of a government???

    a gain in money usually as a result of business or labor
    https://www.cce.cornell.edu/washingt.../Glossary.html
    --------------------------------------------------
    A "Gain" in money.



    And some other definitions that just don't seem to have a solid definition that clearly define what the word actually means.

    What is your take on this?

    "I'm selflessly supporting the common good, but only coincidentally looking out for No.1."
    Tags: None
    • mikesinner
      Confirmed User
      • Nov 2005
      • 5646
      #2
      It's simple. Money that is paid to you for work performed.

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        Comment

        • Voodoo
          ♥ ♦ ♣ ♠
          • Sep 2002
          • 10600
          #3
          Technically speaking, if I charge $10.00 per hour for labor and work for 10 hours. I would be paid $100.00. I lose 10 hours, and am compensated at the rate of $10.00 per hour in exchange for my labor. This is a zero-gain exchange. How would this $100.00 be defined as "income" or "gain"?

          "I'm selflessly supporting the common good, but only coincidentally looking out for No.1."

            Comment

            • Barefootsies
              Choice is an Illusion
              • Feb 2005
              • 42635
              #4
              Originally posted by mikesinner
              It's simple. Money that is paid to you for work performed.
              Should You Email Your Members?

              Link1 | Link2 | Link3

              Enough Said.

              "Would you rather live like a king for a year or like a prince forever?"

                Comment

                • SomeCreep
                  :glugglug
                  • Mar 2003
                  • 26118
                  #5
                  Voodoo, you should change your avatar. It's annoying just enough to get you put on ignore by most people.

                  Webair Hosting

                  I use and recommend Webair for hosting.

                    Comment

                    • Voodoo
                      ♥ ♦ ♣ ♠
                      • Sep 2002
                      • 10600
                      #6
                      Originally posted by SomeCreep
                      Voodoo, you should change your avatar. It's annoying just enough to get you put on ignore by most people.
                      Better in 3D?

                      EDIT: Nawh, I don't like that. I'll have to make a new one. LOL
                      Last edited by Voodoo; 02-04-2009, 12:09 AM.

                      "I'm selflessly supporting the common good, but only coincidentally looking out for No.1."

                        Comment

                        • SomeCreep
                          :glugglug
                          • Mar 2003
                          • 26118
                          #7
                          Originally posted by Voodoo
                          Better in 3D?

                          EDIT: Nawh, I don't like that. I'll have to make a new one. LOL
                          It's better than the flashing avatar.

                          Webair Hosting

                          I use and recommend Webair for hosting.

                            Comment

                            • SomeCreep
                              :glugglug
                              • Mar 2003
                              • 26118
                              #8
                              Originally posted by Voodoo
                              What is "Income"?
                              "Income" is money that "comes in." Whether that money is given to you or earned, if it's coming in to you, it's "income."

                              Webair Hosting

                              I use and recommend Webair for hosting.

                                Comment

                                • JD
                                  Too lazy to set a custom title
                                  • Sep 2003
                                  • 22651
                                  #9
                                  Originally posted by Voodoo
                                  Better in 3D?

                                  EDIT: Nawh, I don't like that. I'll have to make a new one. LOL
                                  make it flashing neon green -> neon yellow

                                    Comment

                                    • Jon Clark - BANNED FOR LIFE
                                      North Coast Pimp
                                      • Dec 2005
                                      • 9395
                                      #10
                                      Originally posted by Voodoo
                                      Better in 3D?

                                      EDIT: Nawh, I don't like that. I'll have to make a new one. LOL
                                      That 3d is bad.. I was looking for a pair of glasses to see it.. But couldn't find any..

                                        Comment

                                        • AlienQ - BANNED FOR LIFE
                                          best designer on GFY
                                          • Mar 2003
                                          • 30307
                                          #11
                                          LOL< Ignore Vodoo>? You cant be serious? WHo would do that?

                                          Seriously. He is worth reading more than most.

                                          Only a hand full of people I myself look for because they are fun.
                                          He is one of them.

                                            Comment

                                            • Deej
                                              I make pixels work
                                              • Jun 2005
                                              • 24386
                                              #12
                                              VooDoo is the beesknees

                                              Deej's Designs n' What Not
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                                                Comment

                                                • d-null
                                                  . . .
                                                  • Apr 2007
                                                  • 13724
                                                  #13
                                                  Income is any money coming in


                                                  there is a difference between Gross Income and Net Income


                                                  gross income is total income

                                                  net income is total income - expenses

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                                                    • AlienQ - BANNED FOR LIFE
                                                      best designer on GFY
                                                      • Mar 2003
                                                      • 30307
                                                      #14
                                                      Originally posted by d-null
                                                      Income is any money coming in


                                                      there is a difference between Gross Income and Net Income


                                                      gross income is total income

                                                      net income is total income - expenses
                                                      Net Income - Expenses - Taxes = Income.

                                                      And I am the village idiot around here.

                                                        Comment

                                                        • Domain Diva
                                                          Too lazy to set a custom title
                                                          • Oct 2007
                                                          • 10180
                                                          #15
                                                          Originally posted by SomeCreep
                                                          "Income" is money that "comes in." Whether that money is given to you or earned, if it's coming in to you, it's "income."
                                                          Thats my take on it too.

                                                          Of course gross income...net income etc is different,this is just for the meaning of income as defined by most tax/bank/audit rules to my knowledge.

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                                                            • Brujah
                                                              Beer Money Baron
                                                              • Jan 2001
                                                              • 22157
                                                              #16
                                                              Voodoo destroyed my life.

                                                              I was a private investigator in New York City after the war, where I met Louis Cyphre. He hired me to locate a singer named Johnny Favorite who was injured in World War II and owed Louis. I started checking it out, see Louis thought the hospital had faked Johnny's medical records. I spoke with the doctor and the next thing I know, he was murdered. I started to feel a little uneasy about this case, as it unraveled and become more bizarre. Money's money though right? I stood to make plenty. Following a lead, I headed to New Orleans to dig a little deeper. I met Voodoo. He wore a black top hat, face white as snow and his eyes wide and black as pitch. The hot daughter of a priestess clinging to his side. What happened next was like a dream, no a nightmare. Everyone turning up dead, chicken blood, rituals, guns in vaginas, and cannibalism.

                                                              I've been in hell ever since.

                                                                Comment

                                                                • Deej
                                                                  I make pixels work
                                                                  • Jun 2005
                                                                  • 24386
                                                                  #17
                                                                  Originally posted by Brujah
                                                                  Voodoo destroyed my life.

                                                                  I was a private investigator in New York City after the war, where I met Louis Cyphre. He hired me to locate a singer named Johnny Favorite who was injured in World War II and owed Louis. I started checking it out, see Louis thought the hospital had faked Johnny's medical records. I spoke with the doctor and the next thing I know, he was murdered. I started to feel a little uneasy about this case, as it unraveled and become more bizarre. Money's money though right? I stood to make plenty. Following a lead, I headed to New Orleans to dig a little deeper. I met Voodoo. He wore a black top hat, face white as snow and his eyes wide and black as pitch. The hot daughter of a priestess clinging to his side. What happened next was like a dream, no a nightmare. Everyone turning up dead, chicken blood, rituals, guns in vaginas, and cannibalism.

                                                                  I've been in hell ever since.
                                                                  Quoted for Truth

                                                                  especially the guns in vaginas part...

                                                                  Deej's Designs n' What Not
                                                                  Hit me up for Design, CSS & Photo Retouching


                                                                  Icq#30096880

                                                                    Comment

                                                                    • Si
                                                                      Such Fun!
                                                                      • Feb 2008
                                                                      • 13900
                                                                      #18

                                                                        Comment

                                                                        • tranza
                                                                          ICQ: 197-556-237
                                                                          • Jun 2003
                                                                          • 57559
                                                                          #19
                                                                          Hahaha..it seems they are a little confuse about that...
                                                                          I'm just a newbie.

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