+1 for Milton Friedman who almost 50 years ago described a negative income tax as the Revolutionary Subsidy. Basic formula for negative income tax is to apply

+1 for Milton Friedman who almost 50 years ago described a negative income tax as the Revolutionary Subsidy. Basic formula for negative income tax is to apply tax rates on the basis of median income. Friedman offers maximum of 50% of median income as the largest possible subsidy. Assume median income of $50,000. Joe Smith earns $30,000 and therefore has negative income of $20k (median income - actual income). Joe would then receive a negative income tax of 50% his total negative income, or $10,000. The sum of his earned income + negative income tax = $40,000 / year. More here: https://github.com/DeBraid/investing-notes/blob/master/negative-income-tax.md https://github.com/DeBraid/investing-notes/blob/master/negat...