andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-227 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-up1325arrow-down15
arrow-up1320arrow-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-227 days agomessage-square70fedilink
minus-squareyesman@lemmy.worldlinkfedilinkarrow-up21arrow-down1·27 days agoNegative Income tax could operate like UBI. The hero of neoliberalism Milton Freedman supported a scheme to transfer wealth like this.
Negative Income tax could operate like UBI. The hero of neoliberalism Milton Freedman supported a scheme to transfer wealth like this.