imputed income meaning

  "imputed income" in a sentence
[Economics]
Income attributed to the owner of an asset which could have been rented out to somebody else to produce a cash income, where the owner in fact uses the asset themselves. An example of an imputed income is the rental value of owner-occupied housing: this is included in both the national income and consumption in the UK national income accounts. The argument for this is that without it national income would appear to fall whenever a rented house was purchased by its tenant. In some countries, though not the UK, the imputed income from owner-occupied housing is subject to income tax.

Examples

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  1. In Supreme Court touched on the issue of the constitutionality of taxing imputed income:
  2. Many countries, such as the United States, tax imputed income only in certain limited situations.
  3. Imputed income is sometimes difficult to measure, and tax policies regarding imputed income can have political consequences.
  4. Imputed income is sometimes difficult to measure, and tax policies regarding imputed income can have political consequences.
  5. On rare occasions, issues concerning imputed income have arisen with regard to working to provide for oneself.

Related Words

  1. imputatively meaning
  2. impute meaning
  3. impute sth to so or sth meaning
  4. impute to meaning
  5. imputed charge for consumption of non-trading capital meaning
  6. imputed interest meaning
  7. imputed notice meaning
  8. imputed value meaning
  9. imputer meaning
  10. imputrescible meaning
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