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Treehouse Lover Lover
on Nov 16, 2024
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Refer to Scenario 20-4. This negative income tax ensures that families earn at least $56,000.
Negative Income Tax
A system of income support that provides individuals with an income guarantee. If an individual's earnings fall below a certain level, they receive supplemental pay from the government rather than paying taxes.
- Assess a variety of proposals and viewpoints concerning the reallocation of earnings, including the mechanisms of negative income taxes and the Earned Income Tax Credit.
Verified Answer
RB
Learning Objectives
- Assess a variety of proposals and viewpoints concerning the reallocation of earnings, including the mechanisms of negative income taxes and the Earned Income Tax Credit.