Meaning Of The Word Negative income tax

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Negative income tax Meaning

Negative income tax Definition
Negative income tax Definition

What's The Definition Of Negative income tax?

negative income tax in British English
a proposed system of subsidy payments by the government to those whose annual income is below a certain level
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
noun: money credited as an allowance to taxed income, and paid as a benefit when it is greater than debited tax

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