negative income tax
negative income tax definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
a proposed system of subsidy payments by the government to those whose annual income is below a certain level
negative income tax - Business Definition
The American Heritage® Dictionary of Business Terms Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
Government payments to an individual or household whose reported taxable income is below a specified amount. The negative income tax is a system of income redistribution in which individuals and households are guaranteed a minimum level of income (or tax payments).