One of the mysteries of the English language finally explained.
Money credited as allowances to a taxed income, and paid as benefit when it exceeds debited tax.
- ‘He advocated a negative income tax for the more competent poor and intensive birth-control guidance for the rest.’
- ‘There isn't a Congress which would pass a negative income tax.’
- ‘Significantly, the very Milton Friedman who coined the dictum about there being no free lunch, has advocated a negative income tax, which is an unmistakeable free lunch and a first cousin of the universal basic income.’
- ‘Evidence from those American jurisdictions that have experimented with a negative income tax suggest that it has led to great P-A problems.’
- ‘He also favors a negative income tax and keeping unemployment at a very low level, ‘even if it means selective economic controls.’’
- ‘Universal schemes, modeled after national pension plans that require no means test and cannot easily be defrauded, such as the minimum income or negative income tax, appear to be promising but costly new avenues.’
- ‘Read the whole thing - Reich proposes a number of policy possibilities, including the expansion of the modern-day equivalent of the negative income tax, the earned income tax credit.’
- ‘For Greffrath there are two paths out of this misery: Either a negative income tax or unconditional basic income for all, or ‘a reduction of the working week with the aim of achieving full employment.’’
- ‘Get rid of all our poverty programs, except those aimed at the disabled, and temporary unemployment assistance, and institute the negative income tax.’
- ‘We need a negative income tax to support the working poor.’
- ‘But introduction of a negative income tax, or a system of earned tax credits, is needed to substantially improve the situation.’
- ‘It stressed three programs: a large-scale public employment plan, community action, and a negative income tax.’
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