andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-25 months 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-square70linkfedilinkarrow-up1328arrow-down14
arrow-up1324arrow-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-25 months agomessage-square70linkfedilink
minus-squarehumanspiral@lemmy.calinkfedilinkarrow-up1·5 months agoThey can be exactly the same, but are always similar. NIT could be set such that $14k is the refund you get at 0 income, and it is clawed back to 0 at some other income level.
They can be exactly the same, but are always similar. NIT could be set such that $14k is the refund you get at 0 income, and it is clawed back to 0 at some other income level.