A situation in which your wages or salary is less than your day-to-day expenses.
Let's see, I make €400 a week after tax. Rent is €100, food is €50, gas is €50, insurance is €150 all told, electricity is €75...crap, negative income! Better cut back on something.
Income you have to claim on your tax return which is taxable but you actually never received cash for.
Congratulations on your new company car but if you use it for personal purposes, you have to worry about phantom income.
When the amount of money you can spend any way you want is crushingly little.
Another week without a paycheck, his free-spending days a fond memory, he counted his discrushionary income in the roundest of numbers.
It's exactly what it sounds like
Low Income White Girl Eyes is defined as...
A white girl with low-income eyes will stare at you with dull, vacant, soulless eyes and expect you to know that they like you. Oh, and they're kinda crazy. That's an understatement btw.
Why did the white girl with low-income eyes stare at the menu for 10 minutes?
Because she was mentally adding up her total with tax before committing to the side of fries.
Why does the white girl with low-income eyes love thrift stores?
Because it's the only place where she can buy "vintage" and "necessary" at the same time!
How people look spending their income tax on things they usually can't afford.
Girl, you see Shameka over there looking real income taxi with her new phone, hair, and nails!
In-com Tax-ee
adjective
1. A person who drastically changes their typical behavior to that of a higher class or status during the first months of the year as a result of receiving a refund on their income taxes.
2. A person who shows off material possessions or a falsely inflated lifestyle either in the streets or on social media as a direct result of receiving income tax refunds.
3. A guy/girl who shows affection during the first few months of the year in hopes of getting a piece of your income tax refund check.
Lisa told me to put a grocery bag over my feet before entering her "new" car, she's been acting real Income Taxy lately.
James broke up with me and is seeing other women now that he has that new gold chain, Keshia told me he would get income taxey on me.
Wealth & Income Financial Engineer (W.I.F.E.) - The finance department of your average American household. May also be referred to as the finance committee, the accountant, or even hey bitch. Will object to large purchases without prior approval which may result in a change in sleeping arrangements.
So, I am looking at getting a new Samsung smartphone, but it's over $1000! I don't think the Wealth & Income Financial Engineer (W.I.F.E.) will sign off on that.