YSK: In economics, a negative income tax (NIT) is a system which reverses the direction in which tax is paid for incomes below a certain level.
LonelyNematocyst @ LonelyNematocyst @lemmy.world Posts 0Comments 11Joined 2 yr. ago
LonelyNematocyst @ LonelyNematocyst @lemmy.world
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That's just equivalent to UBI, isn't it? If you pay out UBI and get the money for it from taxes, then there's an income level below which people net gain money and above which people net lose money.