Imputed Income

Imputed income is the accession to wealth that can be attributed, or imputed, to a person when he or she avoids paying for services by providing the services to himself or herself, or when the person avoids paying rent for durable goods by owning the durable goods, as in in the case of imputed rent.

Read more about Imputed Income:  Taxation of Imputed Income

Famous quotes containing the words imputed and/or income:

    Johnson did not answer ...; but talking for victory and determined to be master of the field, he had recourse to the device which Goldsmith imputed to him in the witty words of one of Cibber’s comedies. “There is no arguing with Johnson; for when his pistol misses fire, he knocks you down with the butt end of it.”
    Samuel Johnson (1709–1784)

    We commonly say that the rich man can speak the truth, can afford honesty, can afford independence of opinion and action;—and that is the theory of nobility. But it is the rich man in a true sense, that is to say, not the man of large income and large expenditure, but solely the man whose outlay is less than his income and is steadily kept so.
    Ralph Waldo Emerson (1803–1882)