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tax exemption

(Encyclopedia) tax exemption, immunity from the requirement of paying taxes. Federal, state, and usually local law provide exemption from taxation for a wide variety of organizations, usually not-for…

distribution

(Encyclopedia) distribution, in economics, the allocation of a society's total wealth among various economic groups. Distribution, in that sense, does not refer to the physical marketing or…

sinking fund

(Encyclopedia) sinking fund, sum set apart periodically from the income of a government or a business and allowed to accumulate in order ultimately to pay off a debt. A preferred investment for a…

Alliance for Progress

(Encyclopedia) Alliance for Progress, Span. Alianza para el Progreso, U.S. assistance program for Latin America begun in 1961 during the presidency of John F. Kennedy. It was created principally to…

standard of living

(Encyclopedia) standard of living, level of consumption that an individual, group, or nation has achieved. The evaluation of a standard of living is relative, depending upon the judgment of the…

You Can Earn Income without Losing Benefits

If you are 70 or over you can earn any amount and still get all your benefits. If you are under 70, you can receive all benefits if your earnings do not exceed the annual exempt amount. The…