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melisooflyy melisooflyy
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2 years ago
Because government benefits paid by most universal programs are taxable, their net after-tax yield depends on the income of the recipient. Hence

▸ only higher-income households can benefit fully from such programs.

▸ gross payments may be universal, but net benefits are not.

▸ gross payments and net benefits are universal.

▸ gross payments may not be universal, but net benefits are.

▸ gross payments may not be universal, and net benefits are not.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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NapoukahNapoukah
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2 years ago
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Smart ... Thanks!
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