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You Should Know@lemmy.world · 7 hours ago

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.

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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.

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andyortlieb@lemmy.sdf.org to

You Should Know@lemmy.world · 7 hours ago

Negative income tax - Wikipedia

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Negative Income tax could operate like UBI. The hero of neoliberalism Milton Freedman supported a scheme to transfer wealth like this.

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