Asked by
Donald Woods
on Nov 16, 2024Verified
An advantage of a negative income tax is that it does not encourage the breakup of families because the only criterion for assistance is family income.
Negative Income Tax
A tax system that collects revenue from high-income households and gives subsidies to low-income households.
Family Income
The total amount of money earned by members of a family, typically measured annually.
- Analyze various perspectives and proposals for income redistribution, including negative income taxes and the Earned Income Tax Credit.
Verified Answer
WG
Learning Objectives
- Analyze various perspectives and proposals for income redistribution, including negative income taxes and the Earned Income Tax Credit.