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.

Words Nearby negative income tax

negative feedback
negative flag
negative glow
negative hallucination
negative income
negative income tax
negative option
negative polarity
negative pressure
negative profit
negative-raising

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Cultural 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.

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