Statistics Iceland
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Íslenska
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Income and expenses by family type, age and residence 1997-2022

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7/4/2023
Million ISK
1997-2022
THJ09001
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Family is made up of co-taxed individuals and children under the age of 16 registered at their domicile.. The family type can therefore deviate significantly from family type in the National Register, as the couple need not be taxed together. Young taxpayers are registered as individuals with their own family number from the age of sixteen and must be identified as independent individuals even though they still live in parents' homes. The age of a family is based on the oldest family member. Residential is divided into metropolitan and rural areas. The capital area includes the current municipalities: Reykjavík, Seltjarnarnes, Kópavogur, Garðabær, Hafnarfjörður, Mosfellsbær and Kjósarhreppur. Other municipalities are considered rural. Total income is the sum of income from employment, capital income and other income, but excluding interest and child benefits. Employment income is salary income plus calculated remuneration. Capital income is all interest income plus sales profits, dividends and business income. Other income is e.g. payments from the Social Insurance Institute, payments from pension funds, unemployment benefits, social assistance as well as winnings and scholarships. Taxes are all taxes paid, ie. the sum of income tax, local tax, property tax, capital income tax and other tax items that are included in the tax return, net of interest and child benefits. Real estate taxes, car expenses etc. are therefore not included here. Disposable income is total income less taxes.