They are mathematically the same, depending on the tax curves.
A negative income tax doesn't mean you get -50% of $400, it means your income starts negative. So someone making $0 gets like $1000 back (say by paying 20% over -$5000).
They are mathematically the same, depending on the tax curves.
A negative income tax doesn't mean you get -50% of $400, it means your income starts negative. So someone making $0 gets like $1000 back (say by paying 20% over -$5000).