andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-213 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-up1318
arrow-up1318external-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-213 days agomessage-square70fedilink
minus-squarehumanspiral@lemmy.calinkfedilinkarrow-up1·11 days 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.