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Topic: Negative income tax

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Lifetime income tax

Income tax

Progressive tax

Tax rates around the world

Minimum wage

National insurance

Classical liberalism

Inward investment

Human capital

Muammar Qaddafi

Liberalism

John Stuart Mill

1990s

	abatkinson
		The high rates of tax associated with the extreme social dividend approach and the fear that they would be politically unacceptable have led to alternatives being proposed which would retain the main elements of the present income tax and social security schemes.
		Negative income tax schemes of this type have been put forward as a means of channeling help to low income families without the disadvantages associated with means-tested benefits.
		Under the negative income tax proposals, benefits would be withdrawn at a rate of 33~- per cent or more as income rose; under the social insurance approach there would be less scope for such withdrawal, the main tapering of benefit being from their taxation under the income tax.
	www.citizensincome.org /findings/abatkinson.html (3148 words)

	Negative Income Tax, by Jodie T. Allen: The Concise Encyclopedia of Economics: Library of Economics and Liberty
		The second problem with a NIT is that the welfare system already provides a package of cash and in-kind benefits that, in many states, is worth considerably more than any likely NIT (though at the cost of excluding large groups of the poor—such as two-parent families—from eligibility).
		If income for NIT purposes is measured over a year, as in the positive tax system, families in great, but temporary, need may be denied benefits.
		The income accounting and reporting analysis—backed up by an HEW administrative experiment in cooperation with the Denver welfare department—also drew attention to the fact that many negative tax participants cheat on income reports.
	www.econlib.org /library/Enc/NegativeIncomeTax.html (2124 words)

	U.S. Treasury - Fact Sheet on the History of the U.S. Tax System
		Proposals to reinstate the income tax were introduced by Congressmen from agricultural areas whose constituents feared a Federal tax on property, especially on land, as a replacement for the excises.
		Driven by the war and largely funded by the new income tax, by 1917 the Federal budget was almost equal to the total budget for all the years between 1791 and 1916.
		During this time, the income tax was not indexed for inflation and so, driven by a rising inflation, and despite repeated legislated tax cuts, the tax burden rose from 19.4 percent of GDP to 20.8 percent of GDP.
	www.ustreas.gov /education/fact-sheets/taxes/ustax.html (5631 words)

	A history of income guarantees
		Low income families, lone parents and their dependent children, people older than the pension age requirements, blind pensioners, working people with children, orphans, ex-service personnel over the age of 60 years, and people in some other categories, provided they apply, meet residential requirements, and who meet asset and means limits are guaranteed an income.
		The promoters of the 'reverse income tax' at the Institute of Economic Affairs, because of their decision to use a 100 per cent rate of tax, could be seen to have ignored the entire work incentive debate.
		Those who are committed to monetarism see in negative tax the deregulation of the relations of distribution and argue that such processes are compatible with their general desire for a deregulated economy.
	www.geocities.com /ubinz/JT/IncomeInsecurity/lHistoryGMI.htm (9174 words)

	Knesset approves negative income tax in preliminary reading - Haaretz - Israel News
		Negative income tax is form of benefit payment intended to reduce levels of poverty while simultaneously supporting industry.
		In contrast to the current method in which benefits are paid, negative income tax is paid only to low-income workers and not to the unemployed.
		According to its recommendations, the tax should only be paid to parents of minors who earn a minimum of NIS 1,000 per month, and then only to a family's primary wage earner.
	www.haaretz.com /hasen/spages/811984.html (635 words)

	Press Release - New Research in the Bank of Israel: "Expected Effects of Operating A Negative Income Tax"
		Operating a negative income tax in Israel, i.e., subsidizing low-level wages, could at a reasonable budgetary cost considerably reduce poverty in families with working members, but is not expected to increase employment significantly.
		In order to operate a negative income tax in Israel at a reasonable budgetary cost and in a way that would significantly reduce poverty among employees, the information infrastructure must first be improved so that information regarding employees' wages and their spouses' income is available to the income-tax authorities (or National Insurance Institute) when required.
		Negative income tax is not expected to have a marked effect on employment, particularly if it is formulated with an eye to reducing poverty and based on family composition and the couple's income.
	www.bankisrael.gov.il /press/eng/050810/050810e.htm (843 words)

	Federal Income Tax - USALegalCare.com - Legal Help in all Areas of Law in USA
		The income tax is called a progressive tax because it is higher as a percentage of the income of higher-income individuals.
		The most famous reduction in taxes is that income used to pay mortgage interest on a personal home is exempted from taxes, if the taxpayer elects to itemize.
		If the result is a negative number due to refundable tax credits and/or if the Federal Withholding Tax was greater than the income tax that was actually owed, the taxpayer is entitled to a tax refund.
	www.usalegalcare.com /Federal_Income_Tax.htm (726 words)

	Basic Income: Frequently Asked Questions
		For the ex nihilo introduction of a basic income to work to the financial advantage of the poor, the key condition is simply that, relative to their numbers (not necessarily to their incomes), the relatively rich should contribute more to its funding than the relatively poor.
		Compared to guaranteed income schemes of the conventional sort, the crucial argument in favour of the desirability of basic income rests on the widely shared view that social justice is not only a matter of right to an income, but also of access to (paid and unpaid) activity.
		The modestly paid workers whose marginal tax rate would need to go up are also among the main beneficiaries of the introduction of a basic income, as the increased taxation of their wage falls short of the level of the basic income which they henceforth receive.
	www.etes.ucl.ac.be /BIEN/BI/FAQ.htm (8078 words)

	[No title]
		The negative income tax (NIT) is the form of basic income guarantee (BIG—more commonly known at that time as the guaranteed income or GI) that was a popular policy alternative in the 1960s and ’70s.
		The marginal tax rate (t), the take-back rate, or the benefit reduction rate is the rate at which the benefit is reduced (or income is taxed) as the recipient earns more private income.
		As to the latter, the New Jersey negative income tax experiment was funded largely because the OEO analytic office, in summer of 1965, sold agency director Sargent Shriver on a negative income tax plan, and he recommended it to the president in that year’s agency submission to the budget bureau.
	www.usbig.net /papers/086-Levine-et-al-NIT-session.doc (5692 words)

	IRS Tax Lien \| IRSLEVY \| TAXLIEN \| IRS Problems \| IRS GOV.com \| Tax Deductions
		IRS TAX LIENS are public records that indicate you owe the IRS various taxes.
		IRS TAX LIENS are filed with the County Clerk in the county from which you or your business operates.
		The IRS tax lien attaches to all your property (such as your house or car) and to all your rights to property (such as your accounts receivable, if you are a business).
	www.taxlienremoval.com (418 words)

	Hirchson to offer negative income tax plan \| Jerusalem Post
		Negative income tax systems essentially subsidize low wages to encourage employment and reduce the number of working poor by giving different amounts of money to workers whose earnings are beneath a given salary threshold, such as NIS 5,000 monthly.
		"Experience from a number of countries that operated a negative income tax program shows that they contributed significantly to decreasing the number of poor among families with workers and to reducing the intensity of poverty among those that remained poor," maintained the central bank.
		In contrast to the central bank, the Federation of Israeli Chambers of Commerce, argues that a negative income tax, would be "a most dangerous step." Although depicted as a classic social step, the FICC said it was liable to be lamented for generations and weaken the will to go out to work.
	www.jpost.com /servlet/Satellite?cid=1164881875359&pagename=JPost%2FJPArticle%2FShowFull (761 words)

	Fallacies of the Negative Income Tax - Mises Institute
		Suppose that the poverty-line income were set at $3,000 per "consumer unit" (families or individuals), and suppose that the negative income tax (which is really a subsidy), were a flat rate of 50%.
		It is true that a "negative income tax" (which is a misleading name for a tapered-off guaranteed income) would not have quite as destructive an effect on incentives as would a straight guaranteed income.
		The problem that the NIT (negative income tax) evades or glosses over is the problem of the individual or family with zero income.
	www.mises.org /story/2406 (4613 words)

	Fallacies of the Negative Income Tax - Mises Institute
		Suppose that the poverty-line income were set at $3,000 per "consumer unit" (families or individuals), and suppose that the negative income tax (which is really a subsidy), were a flat rate of 50%.
		It is true that a "negative income tax" (which is a misleading name for a tapered-off guaranteed income) would not have quite as destructive an effect on incentives as would a straight guaranteed income.
		The problem that the NIT (negative income tax) evades or glosses over is the problem of the individual or family with zero income.
	mm.mises.org /story/2406 (4671 words)

	Negative Income Tax
		This experimental approach to poverty reduction is often called a negative income tax and was the subject of the 2004 Robert J. Lampman Memorial lecture, by Robert A. Moffitt.
		Moffitt, "Milton Friedman, the Negative Income Tax, and the Evolution of U.S. Welfare Policy," IRP Discussion Paper 1260-03 (2003).
		Programs to supplement the income of the working poor through the tax system (for example, the Earned Income Tax Credit) are a more recent version of the approach.
	www.irp.wisc.edu /research/nit.htm (334 words)

	HES: RE: QUERY--Guaranteed annual income
		Presents his proposal for a "negative income tax", a form of guaranteed annual income.
		An IEA associated economist argues that "the development and application of a system of negative income taxation offers the brightest hope of emancipation from the doctrines of universality in social welfare that have militated so long against an implacable war on poverty" (p.
		Advocates the 'negative income tax' proposals of Milton Friedman.
	www.eh.net /pipermail/hes/2005-November/003428.html (672 words)

	Policy Autumn (Mar-May) 2001
		If there was a NIT then the second person would receive $5,000 in the second year, and pay a total of $10,000 over the two-year period, equal to the amount the first person paid.
		Further, as the NIT supplements the incomes of the working poor it also substitutes for the current wages policies that are aimed at assisting them; this means that the minimum wage can be abolished.
		Further, the provision of the NIT to low income earners means the working poor are supported, although the greatest benefit to the poor from the NIT is a reduction in the size of the poverty trap.
	www.cis.org.au /policy/aut2001/polaut01-4.htm (2492 words)

	Taipei Times - archives
		His proposal, which he called the negative income tax, was to replace the multiplicity of existing welfare programs with a single cash transfer -- say, US$6,000 -- to every citizen.
		The negative income tax was never adopted, because of concern that a payment large enough to support an urban family of four might induce many to go on the dole.
		One possibility is government-sponsored employment coupled with negative income tax payments that are too small to live on, even in large groups.
	www.taipeitimes.com /News/editorials/archives/2006/11/25/2003337846 (1347 words)

	Home
		The public should also be made aware that it is the government's illegal enforcement of the income tax that has destroyed America's industrial base, making America now totally dependent on the importation of foreign goods (on credit) and on the importation of capital, making America's forthcoming economic collapse all but inevitable.
		Since the income tax was repealed in 1954 when Congress adopted the 1954 Code, it is clear that for 50 years federal judges in conspiracy with U. Department of Injustice prosecutors have been illegally and criminally prosecuting people for crimes that do not exist in connection with a tax that nobody owes.
		The taxes I allegedly owe for 1980-1985 were based on coerced tax returns I filed during a contrived probation violation hearing in the hopes that they would save me from being sent back to jail for allegedly violating the terms of my probation — which would be completed in only a week or so.
	www.paynoincometax.com (8942 words)

	Income Tax Information - Boardwalk REIT
		This portion of distributions for income tax purposes will be treated as regular taxable income (and not treated as dividends or capital gains) to each Unitholder.
		As such, it will be subject to a preferential tax treatment that all dividends from Canadian corporations receive (subject to the dividend tax credit).
		Please note that of the portion reported as capital gains on your tax return, only 50% of this is included in the calculation of your taxable income.
	www.boardwalkreit.com /IncomeTax (453 words)

	Tax Alternatives: The Negative Income Tax
		The negative income tax was originally proposed in the 1960s by Milton Friedman, a fairly famous economist.
		His idea was not to just address the collection of taxes, but to create a system that would do away with welfare, food stamps and all types of government entitlement programs.
		If your deductions totaled more than the total income you earned during the year, the government would then owe you all the taxes you paid in during the year and a percentage of your “negative income”.
	www.articledashboard.com /Article/Tax-Alternatives--The-Negative-Income-Tax/109691 (657 words)

	Mises Economics Blog: Comment on Fallacies of the Negative Income Tax
		Of course the "negative income tax" is government spending (it is a welfare scheme by another name).
		In America I believe the "earned income tax credit" is sometimes greater than the amount that people actually pay in income tax (in which case it is also a disguised welfare scheme).
		According to me under the NIT principle if he earned $30 a week on his own he would still get a $15 (half of the difference) payment from the government.
	blog.mises.org /mt/comments?entry_id=6063 (1371 words)

	What are the income tax rates in Canada?
		What are the income tax rates in Canada for 2007?
		Under the current tax on income method, tax for all provinces (except Quebec) and territories is calculated the same way as federal tax.
		Form 428 is used to calculate this provincial or territorial tax.
	www.cra-arc.gc.ca /tax/individuals/faq/taxrates-e.html (332 words)

	negative income tax definition - Dictionary - MSN Encarta
		negative income tax definition - Dictionary - MSN Encarta
		Search for "negative income tax" in all of MSN Encarta
		government money given to the poor: a subsidy for low-income groups in the form of money paid to those whose incomes are below a set level
	encarta.msn.com /dictionary_561533590/negative_income_tax.html (91 words)

	RAND \| Papers \| Must a rise in wage rates reduce participation in negative income tax programs?
		Examines the theoretical effect of wage rates on negative income tax (NIT) program participation rates.
		The effect of wages on NIT participation is theoretically ambiguous and depends upon whether the labor supply function is upward rising or backward bending.
		If, on the other hand, the labor supply function is backward bending, an increase in wages might increase NIT participation rates.
	www.rand.org /pubs/papers/P6170 (294 words)

	Corporate Tax, Cost Segregation and Accounting Consultant News - SOURCECORP Tax Benefits Group
		If walls could talk money; paying less federal income tax - Hidden within the walls, roof, plumbing, electrical system and many other aspects of your commercial building are yearly federal income tax savings waiting to be discovered.
		Business owners who have built, purchased or renovated in the past 10 years may be entitled to a federal income tax benefit.
		Also referred to as the “net method”, SOURCECORP Tax Benefits Group’s Dealer Discount consulting service identifies the applicable discounts, quantifies the amount of credits attributable to year ending inventory and prepares all IRS correspondence necessary to change the way for which they are accounted.
	www.sourcecorptax.com /news/news.htm (1274 words)

	FrontPage magazine.com :: The $64 Billion Question by Bill Steigerwald
		Q: When we talk about social services and whether illegals pay more in taxes than they get in services, the number $10 billion a year is often used.
		The kicker for me is, if we legalize illegals and they began to pay taxes and use services like legal immigrants with the same level of education, the cost would roughly triple.
		An unskilled illegal immigrant is costly but an unskilled legal immigrant is a fiscal disaster because, although presumably he is being paid on the books and he pays his taxes like he’s supposed to, he is now eligible for everything, or a lot of things, but he still doesn't make any money.
	frontpagemag.com /Articles/ReadArticle.asp?ID=21996 (977 words)

	List of Taxes Terms
		Income In Respect Of A Decedent - IRD
		Jobs And Growth Tax Relief Reconciliation Act of 2003 - JGTRRA
		Tax Equity And Fiscal Responsibility Act Of 1982 - TEFRA
	www.investopedia.com /categories/taxes.asp (234 words)

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