NIT
| Definition | : | Negative Income Tax |
| Category | : | Academic & Science » Economics |
| Country/Region | : | Worldwide  |
| Popularity | : |
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| Type | : |
Initialism
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What does NIT mean?
Negative Income Tax (NIT) is a tax system in which the people below a certain income are eligible for supplemental pay from the government rather than paying taxes. In other words, earners above a certain level pay taxes to the government while earners below it receive money.
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Frequently Asked Questions (FAQ)
What is the full form of NIT in Economics?
The full form of NIT is Negative Income Tax
What are the full forms of NIT in Academic & Science?
National Institute of Technology | Narula Institute of Technology | Northern Institute of Technology Management | Negative Income Tax | Nitrate | Naval Institute of Technology
What are the full forms of NIT in Worldwide?
Network Investigative Technique | Negative Income Tax | Nitrate | Nations in Transit
Translation
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