Disposable and discretionary income

personal income not dedicated to a recurring or necessary expense, that may instead be spent at the owner's discretion or whim
(Redirected from Disposable income)

Disposable income is the income someone has after they have paid their taxes. Mathematically, it is total personal income minus personal current taxes.[1] In national accounts definitions, personal income minus personal current taxes equals disposable personal income.[2]

ReferencesEdit

  1. "Archived copy" (PDF). Archived from the original (PDF) on 2015-10-14. Retrieved 2017-12-07.CS1 maint: archived copy as title (link)
  2. http://www.bls.gov/bls/fesacp1061104.pdf

Other websitesEdit