andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-228 days agoYSK: 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.en.m.wikipedia.orgexternal-linkmessage-square70fedilinkarrow-up1327arrow-down15
arrow-up1322arrow-down1external-linkYSK: 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.en.m.wikipedia.organdyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-228 days agomessage-square70fedilink
minus-squareradix@lemmy.worldlinkfedilinkEnglisharrow-up17·28 days agoThe US doesn’t technically have a negative tax, but the EITC accomplishes the same basic thing. Whether it’s efficient enough, or needs expansion is another story.
The US doesn’t technically have a negative tax, but the EITC accomplishes the same basic thing. Whether it’s efficient enough, or needs expansion is another story.