Jisho

×
しょとくぜい 所得税
Noun
1. negative income tax; NIT
Wikipedia definition
2. Negative income taxIn economics, a negative income tax (abbreviated NIT) is a progressive income tax system where people earning below a certain amount receive supplemental pay from the government instead of paying taxes to the government. Such a system has been discussed by economists but never fully implemented. It was developed by British politician Juliet Rhys-Williams in the 1940s and later United States economist Milton Friedman combined NIT with his flat tax proposals.
Read “Negative income tax” on English Wikipedia
Read “負の所得税” on Japanese Wikipedia
Read “Negative income tax” on DBpedia

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