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Unearned income is the reverse of the above.
One can, to some extent, translate the above analysis of earned and unearned income into an evaluation of types of tax.
States that have mineral wealth or other sources of ' unearned income ', never face the need to develop organisational skills.
These figures imply the beginnings of urban manufacturing investment in land and also an increase in ' genteel ' lending to provide unearned income.
This distinction between earned and unearned income would seem to be an important one.
Often income earned from oil, minerals, and foreign aid are used as examples of the sources of unearned income.
This is true of unearned income.
This approach ensures that joint consideration will have been given to the balance between the taxes on earned and unearned income.
By various means we redistribute the unearned income and all sorts of people get the benefit.
I believe that it would be fair to say that those who have unearned income are probably paying tax on it.
I thought that they were overdue, but, also, that they were not sufficiently embracing, for they excluded income commonly known as unearned income.
If unearned income is to be disregarded, then earned income should also be disregarded.
Unearned income will not be taxed, but pensioners will find themselves under a tax burden.
Therefore, the system does not merely discriminate against unearned income.
In effect, there will often be an unearned income surcharge on pensioners.
