Definition of discretionary income in English:
Income remaining after deduction of taxes, other mandatory charges, and expenditure on necessary items. Compare with disposable income.
- 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.
Definition of discretionary income in:
- British & World English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia