Asked by
Javier De leon
on Oct 26, 2024
Verified
A negative income tax is levied on firms,even if they have negative income.
Negative Income Tax
A welfare system within which individuals earning below a certain amount receive supplemental pay from the government instead of paying taxes.
- Describe the concept of a negative income tax and its purpose.
Verified Answer
GG
Learning Objectives
- Describe the concept of a negative income tax and its purpose.