When it comes to income after taxes there are a few synonyms that may be used interchangeably. Net income is a commonly used term that refers to the income remaining after taxes, deductions, and other expenses have been subtracted from the gross income. Another synonym for income after taxes is take-home pay which is the amount of money that an employee actually receives on their paycheck. Disposable income is another way to describe income after taxes as it refers to the money an individual has left to spend or save after paying taxes and necessary expenses. Overall, all of these terms point to the same concept of income after taxes.