Business

Amazon conciliatory as US eyes regulation

US tech giant Amazon on Thursday sounded conciliatory notes as the US government considers stricter regulatory measures against America's largest digital platforms.

Energy & Green Tech

Low-income Californians pay unequal share of state's power costs

Californians not only pay some of the highest electricity rates in the country, but they pay two-to-three-times more for power than it costs to provide, according to a report by researchers at the Energy Institute at Haas ...

Business

Washington state eyes 'billionaire tax' on the ultra rich

Washington state's richest residents—including Jeff Bezos and Bill Gates—would pay a wealth tax on some financial assets under a bill proposed by a lawmaker who says she is seeking a fair tax code at a time when so many ...

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Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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