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.
Nikls94 @ Nikls94 @lemmy.world Posts 39Comments 651Joined 2 yr. ago
Nikls94 @ Nikls94 @lemmy.world
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What? $50k is even in the richest European countries about as much as 2 people earn per year. €25k/year is the median, give or take 2k. Subtracted are about 5k in taxes.
Crazy how expensive the US is…