transfer payments
tax money that the government gives which is not in exchange for services or goods
Transfer payment
In
political science and
economics, a transfer payment is a payment of money from a government to an individual for which no good or service is required in return. In economics, government transfer payments can be considered a negative tax, since in the case of a tax, people pay the government without getting any good or service in direct exchange.
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Transfer payments
Payments from the government to its citizens, such as welfare and other government benefits.
Transfer Payments
money given by the government to its citizens. Examples include Social Security, unemployment compensation, welfare, and disability payments.
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