andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-224 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-up1327arrow-down15
arrow-up1322arrow-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-224 days agomessage-square70fedilink
minus-squarePhilippe23@lemmy.calinkfedilinkEnglisharrow-up18arrow-down2·24 days agoNo, negative income tax usually requires that you make some money and file taxes. UBI doesn’t. One has the intention of encouraging workforce participation. The other tries to help everyone.
No, negative income tax usually requires that you make some money and file taxes. UBI doesn’t.
One has the intention of encouraging workforce participation. The other tries to help everyone.