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Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]
The median equivalised disposable income is the median of the disposable income which is equivalised by dividing income by the square root of household size; the square root is used to acknowledge that people sharing accommodation benefit from pooling at least some of their living costs.
Four Texas counties rank among the top 10 places for families with the most disposable income. Collin County ranked second overall with $20,801 left over for small families and $62,193 for single ...
Disposable income: Disposable income is the amount of money an individual has available to use after income taxes have been deducted. It reflects the actual funds at the individual's disposal for spending, saving, or investing. [5] Personal income can also be categorized based on its source:
Household total net is the net worth for individuals living together in a household and is used as a measure in economics to compare wealth.The household net worth is the value of total assets minus the total value of outstanding liabilities, which are current obligations of a household arising from past transactions or events.
Annual median equivalised disposable income per person, by OECD country. [2]The median equivalised disposable income is the median of the disposable income which is equivalised by dividing income by the square root of household size; the square root is used to acknowledge that people sharing accommodation benefit from pooling at least some of their living costs.
It is based on the assumption that whether a person is considered poor depends on her/his income share relative to the income shares of other people who are living in the same economy. [29] The threshold for relative poverty is considered to be at 50% of a country's median equivalised disposable income after social transfers.
This decreases the revenue of the government and increases the disposable income of taxpayers. Tax rate cuts usually refer to reductions in the percentage of tax paid on income, goods and services. As they leave consumers with more disposable income, tax cuts are an example of an expansionary fiscal policy. Tax cuts also include reduction in ...