Comment by WorldMaker
9 years ago
There are UBI plans that are definitely not equivalent to NIT plans. Some UBI plans require UBI to be taxable income for them to work. In that way they become more like guaranteed short-term (year long) loans for upper middle class/rich tax brackets. There's no similar proposal from the NIT side.
> Some UBI plans require UBI to be taxable income for them to work
That's still equivalent to an NIT (specifically, it's equivalent to adding the kind of refundable credit that creates an NIT, and reducing the standard deduction by the size of the credit, which may result in a negative standard deduction.)