Explain how a negative income tax would work.
What will be an ideal response?
Each family would file its tax statement, and those earning below the established minimum would receive a rebate or subsidy, while those above that level would pay taxes much as usual.
Political Science
You might also like to view...
The idea that there are winners and losers from trade and that people are affected differentially by events--such as changes in taxation and tariffs--is best defined as ______.
A. differential effects B. diverging effects C. distributional effects D. distinct effects
Political Science
Which is a way that Congress asserts oversight over the federal bureaucracy?
a. by controlling funding b. by amending the Constitution c. by appointing the heads of independent executive agencies
Political Science