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negative income tax

Meaning of "negative income tax" in the English dictionary

DICTIONARY

PRONUNCIATION OF NEGATIVE INCOME TAX

ˈnɛɡətɪv ˈɪnkəm tæks


GRAMMATICAL CATEGORY OF NEGATIVE INCOME TAX

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Negative income tax is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES NEGATIVE INCOME TAX MEAN IN ENGLISH?

Negative income tax

In economics, a negative income tax is a progressive income tax system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government. Such a system has been discussed by economists but never fully implemented. It was developed by British politician Juliet Rhys-Williams in the 1940s and later by United States economist Milton Friedman. Negative income taxes can implement a basic income or supplement a guaranteed minimum income system. In a negative income tax system, people earning a certain income level would owe no taxes; those earning more than that would pay a proportion of their income above that level; and those below that level would receive a payment of a proportion of their shortfall, which is the amount their income falls below that level.

Definition of negative income tax in the English dictionary

The definition of negative income tax in the dictionary is money credited as an allowance to taxed income, and paid as a benefit when it is greater than debited tax.

WORDS THAT RHYME WITH NEGATIVE INCOME TAX

after-tax · before-tax · eco-tax · Eurotax · morphosyntax · nontax · overtax · pre-tax · retax · stacks · surtax · syntax · tax

WORDS THAT BEGIN LIKE NEGATIVE INCOME TAX

negative · negative bending moment · negative campaigning · negative cash flow · negative charge · negative equity · negative feedback · negative hallucination · negative number · negative particle · negative polarity · negative pole · negative prescription · negative profit · negative reinforcement · negative resistance · negative sign · negative tax · negative-raising · negatively

WORDS THAT END LIKE NEGATIVE INCOME TAX

capital gains tax · carbon tax · council tax · departure tax · excise tax · green tax · income tax · inheritance tax · negative tax · payroll tax · profits tax · property tax · purchase tax · regressive tax · road tax · sales tax · single tax · transfer tax · value-added tax · wealth tax

Synonyms and antonyms of negative income tax in the English dictionary of synonyms

SYNONYMS

Translation of «negative income tax» into 25 languages

TRANSLATOR

TRANSLATION OF NEGATIVE INCOME TAX

Find out the translation of negative income tax to 25 languages with our English multilingual translator.

The translations of negative income tax from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «negative income tax» in English.
zh

Translator English - Chinese

负所得税
1,325 millions of speakers
es

Translator English - Spanish

impuesto sobre la renta negativo
570 millions of speakers
en

English

negative income tax
510 millions of speakers
hi

Translator English - Hindi

नकारात्मक आयकर
380 millions of speakers
ar

Translator English - Arabic

ضريبة الدخل السلبية
280 millions of speakers
ru

Translator English - Russian

отрицательный подоходный налог
278 millions of speakers
pt

Translator English - Portuguese

imposto de renda negativo
270 millions of speakers
bn

Translator English - Bengali

নেতিবাচক আয়কর
260 millions of speakers
fr

Translator English - French

impôt sur le revenu négatif
220 millions of speakers
ms

Translator English - Malay

Cukai pendapatan negatif
190 millions of speakers
de

Translator English - German

negative Einkommensteuer
180 millions of speakers
ja

Translator English - Japanese

負の所得税
130 millions of speakers
ko

Translator English - Korean

음의 소득세
85 millions of speakers
jv

Translator English - Javanese

Pajak income negatif
85 millions of speakers
vi

Translator English - Vietnamese

Thuế thu nhập tiêu cực
80 millions of speakers
ta

Translator English - Tamil

எதிர்மறை வருமான வரி
75 millions of speakers
mr

Translator English - Marathi

नकारात्मक आयकर
75 millions of speakers
tr

Translator English - Turkish

Negatif gelir vergisi
70 millions of speakers
it

Translator English - Italian

imposta negativa sul reddito
65 millions of speakers
pl

Translator English - Polish

ujemny podatek dochodowy
50 millions of speakers
uk

Translator English - Ukrainian

негативний прибутковий податок
40 millions of speakers
ro

Translator English - Romanian

impozit pe venit negativ
30 millions of speakers
el

Translator English - Greek

αρνητικό φόρο εισοδήματος
15 millions of speakers
af

Translator English - Afrikaans

negatiewe inkomstebelasting
14 millions of speakers
sv

Translator English - Swedish

negativ inkomstskatt
10 millions of speakers
no

Translator English - Norwegian

negativ inntektsskatt
5 millions of speakers

Trends of use of negative income tax

TRENDS

TENDENCIES OF USE OF THE TERM «NEGATIVE INCOME TAX»

Principal search tendencies and common uses of negative income tax
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «negative income tax».

Examples of use in the English literature, quotes and news about negative income tax

EXAMPLES

10 ENGLISH BOOKS RELATING TO «NEGATIVE INCOME TAX»

Discover the use of negative income tax in the following bibliographical selection. Books relating to negative income tax and brief extracts from same to provide context of its use in English literature.
1
Principles of Economics
As we discussed in Chapter 12, equity across income groups is an important criterion in the design of a tax system. Many economists have advocated supplementing the income of the poor using a negative income tax. According to this policy, ...
N. Mankiw, 2011
2
Economics
The break-even level of income is determined by the income floor and the tax rate: Break-even income level income floor negative income tax rate If the guaranteed income floor is $13,000 and the tax rate is 50 percent, then the break -even ...
William Boyes, Michael Melvin, 2007
3
微观经济学原理(第2版)(清华经济学系列英文版教材):
The negative income tax would do much less than current programs to weaken work incentives because, unlike current programs, it would ensure that someone who earned an extra dollar would keep at least a portion of it. And because the ...
Robert H. Frank, Ben Bernanke, 2003
4
Unemployment Benefits Versus Conditional Negative Income ...
Under diminishing returns, it is clear that the additional employment created through the negative income tax scheme will drive the real wage down, thereby making the newly employed workers better off and the incumbents worse off. It can ...
Mr. Dennis J. Snower, 1995
5
Personal Income Tax Reform: Concepts, Issues, and ...
C. Negative Income Tax If the subsistence justification for granting a general ( basic) allowance noted earlier is accepted, then it would seem logical to argue that an individual whose pretax income is below some minimum level should obtain a ...
Howell H. Zee, 2005
6
Federal Tax Policy
However, a comprehensive negative income tax could be used to replace the entire categorical welfare system. basic features. The negative income tax would involve the same computations of taxable income as does the positive income tax .
Joseph A. Pechman, 2001
7
Tax Progressivity and Income Inequality
... when in fact they may pay state income taxes. 21 The treatment of observations with negative income-tax liabilities does not make any real difference. The Suits index computed when I set the negative values to zero is unchanged. Table 10.
Joel Slemrod, 1996
8
Economics of the Welfare State
Negative income tax thus increases tax rates at some or all levels ofincome: it institutionalizes the poverty trap and/ or leads to higher tax rates on incomes above the poverty line. Given the shape of the income distribution in virtually all ...
Nicholas Barr, 2012
9
Breaking the Poverty Cycle
NEGATIVE INCOME TAX Like a children's allowance, the more generous the negative income tax, the more money would go to the nonpoor — but the amount would not be nearly as great. Probably the most controversial subject surrounding ...
10
Money for everyone
690 Spicker, Paul (2011) How social security works:An introduction to benefits in Britain, Bristol: Policy Press, p 122 691 Harvey,Philip (2006) 'The relative costs of a universal Basic Income and a Negative Income Tax', Basic Income Studies ...
Malcolm Torry, 2013

10 NEWS ITEMS WHICH INCLUDE THE TERM «NEGATIVE INCOME TAX»

Find out what the national and international press are talking about and how the term negative income tax is used in the context of the following news items.
1
The idea of a minimum income is complex, but intriguing
The most popular proposal is a negative income tax system, which essentially tops up one's annual income if it fails to reach a certain amount. «Planet S, Jul 15»
2
The Great Unbinding Part 3.3
Milton Friedman advocated using overt Treasury/central bank-issued money to fund a negative income tax, to provide a basic minimum income ... «OpEdNews, Jul 15»
3
The 7 Best Answers From Hillary Clinton's Facebook Q&A That …
“Would you support a negative income tax?” on questioner asked. “What about flexible benefits, like workers compensation or unemployment ... «Bustle, Jul 15»
4
Does Cincinnati need $15/hr. minimum wage?
“The negative income tax is one solution,” Brock said, explaining that the tax is a progressive income tax system where people earning below a ... «Cincinnati.com, Jul 15»
5
How to Improve the Earned Income Tax Credit
Friedman's version was called the Negative Income Tax (NIT), which guaranteed income for everyone, whether they had earned income or not. «Economics21, Jul 15»
6
Should we pay a minimum wage or a living income?
In 1962, Friedman proposed a “negative income tax”, whereby people earning below a certain threshold would receive supplemental income ... «The Guardian, Jul 15»
7
Too many negatives on negative income tax
Sometimes called a negative income tax, the idea was proposed by U.S. economist Milton Friedman. When your income is above the minimum, ... «Troy Media, Jul 15»
8
It's Time To Talk About The 'Gig Economy'
That said, that policy suggestion, along with proposals for negative income tax or flexible benefits, like workers' compensation and ... «Huffington Post, Jul 15»
9
The Living Wage Will be an Economic Disaster for Britain
Ideas like the negative income tax, or increasing income tax thresholds to top up household incomes, address poverty but primarily focus on ... «Huffington Post UK, Jul 15»
10
Guaranteed annual income in Alberta a longshot
A Guaranteed Annual Income – also referred to as a “negative income tax” – is a cash-transfer to individuals or families that ensures a minimum ... «Troy Media, Jul 15»
REFERENCE
« EDUCALINGO. Negative income tax [online]. Available <https://educalingo.com/en/dic-en/negative-income-tax>. Apr 2024 ».
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