How is the definition of income for income tax purposes different from the definition used by economists

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How is the definition of income for income tax purposes different from the definition used by economists to measure income?

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:39 AM

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How is the definition of income for income tax purposes different from the definition used by economists

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Economists measure income as the change in wealth that occurs during a year As such all incr...View the full answer

Concepts In Federal Taxation

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