Negative Income Tax

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Definitions

Negative Income Tax NIT Social Security Benefits Income Tax Return Direct Subsidy Financial Assistance Low-Income Individuals Minimum Income

A system designed to provide financial assistance to low-income individuals by using the income tax system, ensuring an income level above a predefined minimum through direct subsidies.

Definitions

Negative Income Tax (NIT)

Negative Income Tax Welfare Programs Guaranteed Income Tax Systems Economic Policy Social Safety Nets

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.