A NIT designed to eliminate poverty (in 2002) with a minimum payment of $9,359 that reduces by 25.6% per dollar earned is estimated to have costed $1.09 trillion.

This estimate uses the 2002 total US population of 285,933,410; provides $3,500 for persons younger than 18; $9,359 for persons aged 18-64; $8,628 for persons 65 and above; and assumes a $7,652.9 billion tax base. Persons aged 18-64 would breakeven between payments and increased taxes at $36,559 of income.

empirical


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