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- 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.
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negatedness, negation, negationalist, negationist, negative, negatively, negativeness, negativer, negativism, negativist
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"negative income tax." Anagrams.net. STANDS4 LLC, 2024. Web. 25 May 2024. <https://www.anagrams.net/negative%20income%20tax>.
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