negative income tax

noun

Definition of negative income tax

: a system of federal subsidy payments to families with incomes below a stipulated level

Examples of negative income tax in a Sentence

Recent Examples on the Web Statistics from earlier federal pilot programs on negative income tax, a variant of UBI, are equally discouraging. Milton Ezrati, Forbes, 15 Apr. 2021 Between 1968 and 1980, Washington made four controlled trials of negative income tax, involving thousands of people across six states. Milton Ezrati, Forbes, 15 Apr. 2021 The Nixon plan was designed to attack poverty and hunger — and essentially to replace welfare — with a negative income tax that would send a flood of money to the poor. David M. Shribman, Milwaukee Journal Sentinel, 25 Mar. 2021 Milton Friedman once suggested that a quasi-UBI in the form of a negative income tax would be a more efficient way to alleviate poverty than the social welfare bureaucracy. The Editorial Board, WSJ, 22 Mar. 2021 This isn’t the first time the state has paid a negative income tax to petroleum companies — in 2016 and 2017, low oil prices combined to create two years of negative corporate income taxes. James Brooks, Anchorage Daily News, 1 Feb. 2021 One of his free-market ideas that hung around for a while without quite getting fully implemented was called a negative income tax. Star Tribune, 19 Sep. 2020 The negative income tax check would help out a family but not eliminate the incentive to earn income from working. Star Tribune, 19 Sep. 2020 Instead, her five-party coalition wants to look into a negative income tax, whereby low income earners would stop paying taxes to the government and instead receive a payment. Kati Pohjanpalo, Bloomberg.com, 5 May 2020

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'negative income tax.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of negative income tax

1950, in the meaning defined above

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Time Traveler for negative income tax

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The first known use of negative income tax was in 1950

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Dictionary Entries Near negative income tax

negative glow

negative income tax

negative logarithm

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Statistics for negative income tax

Cite this Entry

“Negative income tax.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/negative%20income%20tax. Accessed 2 Aug. 2021.

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