DEFINITIONS

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.

Content related to negative income tax

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Words nearby negative income tax

negative feedback, negative flag, negative glow, negative hallucination, negative income, negative income tax, negative ion, negative lens, negative option, negative polarity, negative pressure
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 Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.