| 41. | Asquith appointed Dilke as chairman of the Select Committee to recommend higher taxes on unearned income.
|
| 42. | But ethics laws distinguish between earned income and unearned income such as dividends, interest and capital gains.
|
| 43. | Major sources of unearned income : None.
|
| 44. | Major sources of unearned income : Capital gains, dividends and interest totaling $ 7, 500-$ 20, 000.
|
| 45. | Major sources of unearned income : Fidelity Advisor Growth worth $ 5, 001 to $ 15, 000.
|
| 46. | Major sources of unearned income : Rent on Union City properties totaling $ 30, 002-$ 100, 000.
|
| 47. | As such, property income is a subset of unearned income and is often classified as passive income.
|
| 48. | Major sources of unearned income : $ 1, 000-$ 2, 500 in interest earned on bank account.
|
| 49. | Asquith also introduced a distinction between earned and unearned income, taxing the latter at a higher rate.
|
| 50. | For example, both are against unearned income.
|
