The lower-income unit was rented to a woman whose income resulted in a maximum rent of $457 a month under the formula.

The combined income of the two parts resulted in the new organisation exceeding £1m in its first year.

For joint filers with two dependents earning $100,000 a year, the cumulative municipal income tax cuts would result in a saving of $1,089.

The $250 monthly income subtracted from the fair-market rent of $428 would result in a voucher worth $178.

Such income could result in a reduction or cutoff of a stipend.

You suggest that higher income will result in less corruption.

He said the income would result from "visitors, employment, shopping, restaurants and the like."

But high incomes can result for reasons that have little to do with merit, reflecting rich parents, luck or manipulation of the political process.

Thus, the income on private activity bonds could possibly result in a larger tax bite.

Building work in the city shows the great investment that this income has resulted in.