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Negative Income Tax
What does it mean?
A taxation system where income subsidies are given to persons or families that are below the poverty line.
In Other Words...
The government will send financial aid to a person who files an income tax return reporting an income below a certain level.
Related Links
IRS.gov - The source of all things tax related in the United States
Related Terms
1040 Form | Ability to Pay | Exemption | Formal Tax Legislation | Horizontal Equity | Income Tax | Refund | Write-Off
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