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Negative Income Tax
(redirected from nit)

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Idioms, Encyclopedia, Wikipedia 0.01 sec.
Negative income tax
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.

Negative Income Tax
A tax system or bracket in which persons with an adjusted gross income below a certain amount receive money from the government. This system intends to bring people out of poverty, or at least to make their situations less difficult.


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The process requires parents to spend endless hours of nit picking and pay for unforeseen expenses.
1,444 million in the same quarter of last year, this was stated by Chairman & MD - NIT Tariq Iqbal Khan in a press release issued here on Tuesday after the Board of Directors of National Investment Trust Ltd approved the accounts of four Funds under its management.
Each of the NIT under scheme A will be established at a cost of Rs.
 
 
 
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