Metaglossary.com - Definitions for "{term}"

Keywords: redistribution, poverty, subsidy, reform, wellfare

A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.

getfolio.com

A redistribution scheme that gives every family a guaranteed annual income and decreases the family's benefit at a specified benefit-loss rate as its market income increases.

personalbudgetingtips.info

a tax system that transfers increasing amounts of income to households earning incomes below some specified level as their income declines

college.hmco.com

a flat tax coupled with a credit given to all citizens and the abolishment of basic wellfare

p.zhongsou.com

a proposed reform for that system to eliminate cheating and poverty traps, but otherwise all three groups support that

siilats.com

A tax and redistribution scheme that provides every household with a guaranteed minimum annual income and taxes all market income at a fixed marginal tax rate. (p. 446)

occawlonline.pearsoned.com

A redistribution scheme that gives every family a guaranteed minimum annual income and taxes all income above the guaranteed minimum at a fixed marginal tax rate.

academics.vmi.edu

A taxation system where income subsidies are given to persons or families that are below the poverty line.

ir.altus.com

In economics, a negative income tax (abbreviated NIT) is a method of tax reform that has been discussed among economists but never fully implemented. It was developed by Juliet Rhys-Williams in the 1940s and later by United States economist Milton Friedman in 1962. Negative income taxes can implement or supplement a guaranteed minimum income system.

en.wikipedia.org

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