minus-squareLonelyNematocyst@lemmy.worldtoYou Should Know@lemmy.world•YSK: In economics, a negative income tax (NIT) is a system which reverses the direction in which tax is paid for incomes below a certain level.linkfedilinkarrow-up1·19 days agoThat’s just equivalent to UBI, isn’t it? If you pay out UBI and get the money for it from taxes, then there’s an income level below which people net gain money and above which people net lose money. linkfedilink
That’s just equivalent to UBI, isn’t it? If you pay out UBI and get the money for it from taxes, then there’s an income level below which people net gain money and above which people net lose money.