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I think "income" is the standard accounting term in the US - in the UK the equivalent is "profit" (e.g. "P/L" vs "income statements").


I thought revenue was the standard accounting term in the US. I think of income as what I get to keep / freely reinvest, and revenue as a number that contains all kinds of hidden liabilities such as taxes, cost of sales, etc. That said, I’m (obviously) not an accountant.


When I look at it as a private person I think of income as the my personal revenue: from there I have lots of costs and tax to pay.

What I end up with is disposable income which I can keep/invest.




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