earned income

The Tax Man Cometh, But Not For the Rent

Don't you wonder why jobs are taxed, but many people get rich by collecting unearned income, which is taxed little or not at all?

There are two income streams:
“earned income” from jobs, investments, and businesses, and
“unearned income” primarily from monopoly ownership of land or resources.

Economists call unearned income “economic rent”, defined as income not subject to competition, or revenue without a corresponding cost of production.

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