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definitions

negative income tax

noun
  1. 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.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
negative income tax in Culture

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 Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.