Type of income tax stipulation that allows an individual's income bracket to be raised through the issuance of subsidies if the individual falls into an income bracket considered to be impoverished. The individual's income will only be moved up enough to allow them to not fall into this category.
Related information about negative income tax:
- Negative income tax - Wikipedia, the free encyclopedia
In economics, a negative income tax (abbreviated NIT) is a progressive income tax system where people earning below a certain amount receive supplemental ...
- Negative Income Tax, by Jodie T. Allen: The Concise Encyclopedia ...
The idea of a negative income tax (NIT) is commonly thought to have originated with economist Milton Friedman, who advocated it in his 1962 book, Capitalism ...
- Why Not a Negative Income Tax? by Guy Sorman - City Journal
Replace the welfare state with a cash subsidy for the poor.
- Negative Income Tax - YouTube
Nov 15, 2009 ... Based on some ideas expressed by Milton Friedman, the negative income tax is a compromise of sorts. It allows a small amount of government ...
- Negative Income Tax (NIT) Definition | Investopedia
Negative income tax (NIT) would allow claimants to receive income through the simple filing of tax returns rather than through the claiming of welfare benefits, ...
- Fallacies of the Negative Income Tax - Henry Hazlitt - Mises Daily
Dec 27, 2006 ... Henry Hazlitt advocated the "negative income tax" long before Milton Friedman, but later realized the problem with the idea. It is either ...
- The Other Milton Friedman: A Conservative With a Social Welfare ...
Nov 23, 2006 ... His proposal, which he called the negative income tax, was to replace the multiplicity of existing welfare programs with a single cash transfer ...
- Negative Income Tax | Institute for Research on Poverty | University ...
Negative Income Tax. In the 1960s and 1970s, IRP was deeply involved in the design, conduct, and analysis of a version of the basic income guarantee: the ...