The return in money from oneÕs business, labor, or capital invested; gains,profit, or private revenue. BraunÕs Appeal, 105 Pa. 415; People v. Davenport, 30 llun (N.Y.) 177; In re Slocum, 109 N. Y. 153, 02 N. E. 130; Waring v. Savannah, 00 Ga. 99.ÓIncomeÓ means that which comes in or is received from any business or investment of capital, without reference to the outgoing expenditures; while ÒprofitsÓ generally means the gain which is made upon any business or investment when both receipts and payments are taken into account. ÒIncome,Ó when applied to the affairs of individuals,expresses the same idea that ÒrevenueÓ does when applied to the affairs of a state or nation. People v. Niagara County, 4 Hill (N..Y.) 20; Bates v. Porter, 74 Cal. 224, 15 Pac.732.
