andyortlieb@lemmy.sdf.org to You Should Know@lemmy.world · edit-226 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-square70fedilinkarrow-up1320arrow-down15
arrow-up1315arrow-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-226 days agomessage-square70fedilink
minus-squareacockworkorange@mander.xyzlinkfedilinkarrow-up1arrow-down2·24 days agoWhy did you bring up UBI? UBI and NIT are nothing alike. UBI isn’t being discussed.
minus-squarehumanspiral@lemmy.calinkfedilinkarrow-up1·24 days agoThey can be exactly the same, but are always similar. NIT could be set such that $14k is the refund you get at 0 income, and it is clawed back to 0 at some other income level.
Why did you bring up UBI? UBI and NIT are nothing alike. UBI isn’t being discussed.
They can be exactly the same, but are always similar. NIT could be set such that $14k is the refund you get at 0 income, and it is clawed back to 0 at some other income level.