andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-227 days agoYSK: 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.en.m.wikipedia.orgexternal-linkmessage-square49fedilinkarrow-up1322arrow-down15
arrow-up1317arrow-down1external-linkYSK: 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.en.m.wikipedia.organdyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-227 days agomessage-square49fedilink
minus-squareLonelyNematocyst@lemmy.worldlinkfedilinkarrow-up13·27 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.
minus-squarePhilippe23@lemmy.calinkfedilinkEnglisharrow-up18arrow-down1·27 days agoNo, negative income tax usually requires that you make some money and file taxes. UBI doesn’t. One has the intention of encouraging workforce participation. The other tries to help everyone.
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.
No, negative income tax usually requires that you make some money and file taxes. UBI doesn’t.
One has the intention of encouraging workforce participation. The other tries to help everyone.