negative income tax
Noun
Meaning
English Wikipedia has an article on:negative income taxWikipedia
negative income tax (plural negative income taxes)
a progressive income tax system in which people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.
Examples
The major disadvantage of the proposed negative income tax is its political implications. It establishes a system under which taxes are imposed on some to pay subsidies to others. And presumably, these others have a vote.
An approximately linear income tax schedule is desirable; and in particular negative income tax proposals are strongly supported.
Basic income main A basic income (or negative income tax ) is a system of social security that periodically provides each citizen with a sum of money that is sufficient to live on frugally.
Negative income main In economics, a negative income tax (abbreviated NIT) is a progressive income tax system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government.