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2. What a Negative Income Tax Could Mean for You - AOL

   www.aol.com/negative-income-tax-could-mean...

   Find out what NIT is and how it would affect you if the U.S. adopts it.

3. Negative income tax - Wikipedia

   en.wikipedia.org/wiki/Negative_income_tax

   A negative income tax is structurally similar to a universal basic income, as both are capable of achieving the exact same net transfer of income. However, the two mechanisms may differ in the cost to the government, the timing of payments, and the psychological perceptions from taxpayers.

4. Taxable Income: What It Is and How To Calculate It - AOL

   www.aol.com/taxable-income-calculate-185222875.html

   Sometimes called “freelance income,” self-employment income is also taxable. You have to file an income tax return on freelance income if your net earnings for the year were $400 or more. Your ...

5. Tax return - Wikipedia

   en.wikipedia.org/wiki/Tax_return

   A tax return reports income, expenses, tax payments made during the year and other relevant information to the taxing authority. It helps to determine whether a tax refund is due. This will depend on whether a person has overpaid on taxes, or was late in paying tax for previous years. [3]

6. Taxable income - Wikipedia

   en.wikipedia.org/wiki/Taxable_income

   Taxable income refers to the base upon which an income tax system imposes tax. [1] In other words, the income over which the government imposed tax. Generally, it includes some or all items of income and is reduced by expenses and other deductions. [2] The amounts included as income, expenses, and other deductions vary by country or system.

7. What a Negative Income Tax Could Mean for You - AOL

   www.aol.com/news/negative-income-tax-could-mean...

   In 1962, economist and author of "Capitalism and Freedom" Milton Friedman proposed the concept of government subsidies for low-income families. Under this type of tax reform and social policy,...