negative income tax
noun
a system of income subsidy through which persons having less than a certain annual income receive money from the government rather than pay taxes to it.
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Nearby words
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Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019
Culture definitions for negative income tax
negative income tax
A plan to raise the income of the poor by direct cash subsidies. Instead of paying an income tax, the poor would receive a cash payment from the government.
The New Dictionary of Cultural Literacy, Third Edition
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