Income tax is the tax for self sufficiency.

This net income right here.

This is 18,900 net income.

Net income is also earnings.

It starts with net income.

Tax officials are zeroing in on income tax evasion.

So then you're having, you have your net income, your net income during the period.

This is 350,000 of net income.

And the net income is 357,000.

More unemployment results in less tax revenue through income tax.

The government will tax your income.

Just the income tax, for example.

And at least it'll give you a sense of how revenues, gross profit, operating profit, pre tax income and net income really are different.

An income tax is levied on any income that exceeds deductions.

He called this the negative income tax.

The income from this source is tax free.

You're left with 500,000 of pre tax income.

Income for tax filing, that declined by 3 .

They got this man, Stansyck. Income tax charges.

And so, we're finally at the net income line.

And so I'm left with net income of 350,000.

Here, this is your assumed marginal income tax rate.

The income tax has been reduced to a sham.

We pay an income tax at varying rates according to the size of income.

They're literally saying, Google made 3 billion in net income.

Net income plus interest. So they're adding back your interest.

Because that's not the point of this, but you can apply some tax rate to this and figure out what their net income is.

And you might already say, wait if I took net income

The income tax rate increases in proportion as your salary rises.

The opposition party put forward a bill to reduce income tax.

The income tax rate increases in proportion to the salary increase.

Well, that's the beauty of it. There'd be no income tax.

He has no interest. So his pre tax income is 30,000.

Wages contain income tax, costs for fringe benefits and social costs.

A man of wealth has to pay a lot of income tax.

As machines don't earn an income, their work is mostly tax free.

A basic income becomes the tax allowance in a VAT based system, a form of tax return for basic needs.

So you might have to pay income tax on this right over here

Here, everyone receives 1000 Euros tax in the form of a basic income.

50 years later, financing a basic income through income tax was propped up by something which is increasingly disappearing employment.

Those who can afford it, can reduce their income before it is taxed so that an income tax becomes ineffective.

Income tax, on the other hand, pretends as if income were the real fruit of my labor because my income is what I bring back home.

So this is just the same thing as net income plus interest plus taxes.

This income tax saving from interest deduction, this is assuming that at that marginal tax rate, you can deduct the property tax and the interest on the debt.

Well, net income over assets, I think the reason why that definition exists is because one, net income does factor into these things that frankly I didn't want to think as much about.