You are misunderstanding the negative income tax. Negative income tax is exactly... | Hacker News

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eru on July 10, 2020 | parent | context | favorite | on: Pandemic speeds largest test yet of universal basi...

You are misunderstanding the negative income tax.

Negative income tax is exactly equivalent to a UBI plus regular income tax.

See eg https://en.wikipedia.org/wiki/Negative_income_tax for an explanation.

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