Which of the following characterizes the negative income tax concept?
A) It is a flat tax that lower-income households do not pay.
B) It is a progressive tax structure with enough deductions to provide refunds to some.
C) It is a regressive tax with low-income earners getting a refund back when taxes are filed.
D) It is a guaranteed annual income with earned incomes taxed at a flat rate.
E) It is an income tax that eliminates all the inefficiency that occurs with the current tax system.
Correct Answer:
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Q114: Social Security is a _ program paid
Q115: Q116: A negative income tax Q117: A household's income earned from the markets Q118: A _ tax is one that taxes Q120: When government redistributes income,one dollar collected from Q121: The wage differential between high-skilled and low-skilled Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) is a regressive
