andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-27 hours 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-square26fedilinkarrow-up1149arrow-down12
arrow-up1147arrow-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-27 hours agomessage-square26fedilink
minus-squareiiilinkfedilinkEnglisharrow-up17·9 hours agoAs an example: this exists in Flanders (dutch speaking part of Belgium): https://www.brusselstimes.com/316484/job-bonus-for-730000-people-in-flanders-how-to-make-sure-you-get-yours
minus-squareradix@lemmy.worldlinkfedilinkEnglisharrow-up9·9 hours agoThe US doesn’t technically have a negative tax, but the EITC accomplishes the same basic thing. Whether it’s efficient enough, or needs expansion is another story.
As an example: this exists in Flanders (dutch speaking part of Belgium): https://www.brusselstimes.com/316484/job-bonus-for-730000-people-in-flanders-how-to-make-sure-you-get-yours
The US doesn’t technically have a negative tax, but the EITC accomplishes the same basic thing. Whether it’s efficient enough, or needs expansion is another story.