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A NEGATIVE INCOME TAX AND LOW INCOME FARM FAMILIES *
Author(s) -
Chisholm Anthony H.
Publication year - 1972
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1972.tb00094.x
Subject(s) - economics , gross income , income tax , adjusted gross income , payment , welfare , state income tax , transfer payment , passive income , labour economics , public economics , tax reform , finance , market economy
An efficient procedure is proposed for making welfare payments to low income farm families. This is a negative income tax. It uses the income tax system for linking directly transfer payments to income needs, without unduly adverse effects on resource allocation. The negative income tax proposal is considered in relation to rural adjustment and reconstruction.