Definition of discretionary income in English:

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discretionary income

noun

[mass noun]
Income remaining after deduction of taxes, social security charges, and basic living costs. Compare with disposable income.
Example sentences
  • Fear of unemployment, falling tourism numbers, the impact on disposable, discretionary income of stealth taxes have all taken their toll, as has a squeeze on pay in the private sector.
  • The more the state spends and taxes the less discretionary income citizens have in take-home pay (or what remains after deductions for tax and national insurance).
  • The problem is especially acute at low levels of income, where savings and discretionary income are very limited.

For editors and proofreaders

Line breaks: dis|cre¦tion|ary in¦come

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