Difference between revisions of "Negative income tax"
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(New page: 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 w...) |
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Revision as of 23:49, May 4, 2007
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.