Personal Disposable Income

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Total personal income - Total Personal Income is the value most often used to calculate per capita income. It equals the total value of income received by, or on behalf of, all residents of a particular area.

Disposable income - Disposable income is the amount of an individual's total income left after taxes, plus any transfer payments (grants) received from the government or elsewhere. This income is available to be "disposed of" as either spending or saving.

Marginal propensity to consume - The marginal propensity to consume (MPC) refers to the increase in personal consumer spending (consumption) that occurs with an increase in disposable income (income after taxes and transfers). For example, if a household earns one extra dollar of disposable income, and the marginal propensity to consume is 0.

List of U.S. states without a personal income tax - Nine of the 50 United States do not have a personal income tax:


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