Difference between revisions of "Negative income tax"
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| − | A '''negative income tax''' is a plan for guaranteeing an [[income]] to the poor through some form of a reverse income tax. As a family's income increases, the [[government]]'s payments to the family would decrease. When the family's income reaches a threshold, such as the [[poverty]] level, then the government assistance would decline to zero. | + | A '''negative income tax''' is a plan for guaranteeing an [[income]] to the poor through some form of a reverse income tax. As a family's income increases, the [[government]]'s payments to the family would decrease. When the family's income reaches a threshold, such as the [[poverty]] level, then the government assistance would decline to zero.<ref>http://www.econlib.org/library/Enc1/NegativeIncomeTax.html</ref> |
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| + | ==References== | ||
| + | {{reflist}} | ||
[[category:economics]] | [[category:economics]] | ||
[[Category:Taxation]] | [[Category:Taxation]] | ||
Revision as of 19:00, June 20, 2016
A negative income tax is a plan for guaranteeing an income to the poor through some form of a reverse income tax. As a family's income increases, the government's payments to the family would decrease. When the family's income reaches a threshold, such as the poverty level, then the government assistance would decline to zero.[1]