Guaranteed minimum income GMI, also called minimum income, is a social-welfare system that guarantees all citizens or families an income sufficient to live on, provided that certain eligibility conditions are met, typically citizenship; a means test; and either availability to participate in the labor market, or willingness to perform community services.
Jun 10, 2020 The earned income tax credit is a form of guaranteed income. It provides a percentage tax credit for every dollar of earned income up to a maximum credit. Since the credit increases along with income, it promotes the incentive to work. But as the income […]
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