Negative income tax

Definition:

A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Premium raid

An attempt to acquire a large portion of a company's stock to gain control by offering stockholders a premium over the market value for their shares.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio