Definitions for "Negative Income Tax"
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.
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.
a tax system that transfers increasing amounts of income to households earning incomes below some specified level as their income declines