Definition of discretionary income in English:

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discretionary income

noun

Income remaining after deduction of taxes, other mandatory charges, and expenditure on necessary items. 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

Syllabification: dis·cre·tion·ar·y in·come

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