Asked by
Jyotika Sharma
on Nov 16, 2024
Verified
One existing government program that works much like a negative income tax is Medicaid.
Negative Income Tax
A system of social welfare that provides income to individuals or families below a certain income level, effectively supplementing their income.
Medicaid
A government-sponsored insurance program in the United States providing health care coverage to low-income individuals and families.
- Examine diverse viewpoints and suggestions for the redistribution of income, such as negative income taxes and the Earned Income Tax Credit.
Verified Answer
SM
Learning Objectives
- Examine diverse viewpoints and suggestions for the redistribution of income, such as negative income taxes and the Earned Income Tax Credit.