Noun
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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.
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. Milton Friedman
An approximately linear income tax schedule is desirable; and in particular negative income tax proposals are strongly supported. James Mirrlees
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. Source: Internet
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. Source: Internet