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negative income tax

a system of income subsidy through which persons having less than a certain annual income receive money from the government rather than pay taxes to it. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for negative income tax
  • Eliminate all social services and replace them with a negative income tax cash payment.
  • Market timing creates negative income tax consequences for ordinary long term mutual fund investors.
negative income tax in Culture

negative income tax definition

A plan to raise the income of the poor by direct cash subsidies. Instead of paying an income tax, the poor would receive a cash payment from the government.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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