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What does NIT stand for?

NIT stands for Negative Income Tax

This definition appears frequently and is found in the following Acronym Finder categories:

  • Military and Government
  • Business, finance, etc.

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Other Resources:
We have 103 other meanings of NIT in our Acronym Attic

Samples in periodicals archive:

As described in the book, "the impetus to do something real" about the problem came from Economists Milton Friedman and George Stigler who, in the mid 1940s, wrote a paper that proposed a guaranteed annual income (GAI) and a negative income tax (NIT).
The two main types of policies that can achieve the goal of putting a floor under everyone's income are the Basic Income (BI) and the Negative Income Tax (NIT).
The Negative Income Tax Friedman proposed his idea of a negative income tax as a poverty-alleviation measure and as an alternative to all other existing government programs.