Super Finance Glossary
Over 10,000 financial glossary terms...
Negative Income Tax
Negative Income Tax
Definition: A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.
Definition: A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.