A negative income tax implies that:
A) higher the income of an individual,higher will be the tax.
B) higher the income of an individual,lower will be the tax.
C) lower the income of an individual,lower will be the transfer income.
D) lower the income of an individual,higher will be the transfer income.
E) the transfer income received by all will be equal irrespective of the income level.
Correct Answer:
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