If you set the floor at 12K, that means that people with no income get a refund ... | Hacker News

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		bryanlarsen on May 12, 2017 \| parent \| context \| favorite \| on: Guaranteed Minimum What? If you set the floor at 12K, that means that people with no income get a refund of r*12K where r is the tax rate, not that they get a refund of 12K.

scarmig on May 12, 2017 [–]

That's something fundamentally different from using a negative income tax to implement a guaranteed minimum income.

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