Getting Paid For Being An American: The Negative Income Tax
by Christian Stellakis on Apr 12, 2015 | Views: 157 | Score: 0
| % Of Total Individual Income Taxes | |
|---|---|
| Lowest Quintile | -6.2 |
| Second Quintile | -2.9 |
| Middle Quintile | 2.9 |
| Fourth Quintile | 13.3 |
| Highest Quintile | 92.9 |
Income Group
Sources:
cbo.gov
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It can be great being an American, especially if you get paid for being one. According to a 2013 CBO report, the negative income tax exists in America, and two fifths of Americans benefit from it. Due to America's transfer payment system, the lowest and second income quintiles receive more money from the government than they pay in income taxes.