Guaranteed Income

Negative Income Tax (NIT)
Negative Income Tax (NIT) is a proposed system of welfare within which low-income earners receive supplemental pay from the government instead of paying taxes. The idea aims to provide a safety net for the least fortunate by ensuring a minimum level of income.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.