A(n)__________ involves giving all citizens a substantial lump sum payment that is reduced at a rate of less than 100% as income is earned.

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A negative income tax is a policy where citizens receive a lump sum payment that is gradually reduced as their income increases. It is intended to provide assistance to those with lower incomes and reduce poverty. The payments do not completely disappear as income increases, hence the "negative" aspect of the tax system. This is different from a positive income tax, which adds an additional tax burden as income increases. A minimum wage sets a minimum amount employers must pay their workers, while in-kind transfers provide goods or services instead of cash payments. Social assistance payments are means-tested payments intended to support low-income citizens.

A(n)__________ Involves Giving All Citizens a Substantial Lump Sum Payment