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You Should Know@lemmy.world · 3 days 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.

en.m.wikipedia.org

andyortlieb@lemmy.sdf.org to

You Should Know@lemmy.world · 3 days ago

Negative income tax - Wikipedia

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Philippe23
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2 days ago
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.

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