What Is Gini Coefficient In Simple Terms? Share on. The Gini coefficient is a statistic which quantifies the amount of inequality that exists in a population. The Gini coefficient is a number between 0 and 1, with 0 representing perfect equality and 1 perfect inequality. What does a Gini coefficient of 0.6 mean? The Gini
Do You Pay Taxes On Negative Income? Do you pay taxes on negative income? The U.S. doesn’t currently have a negative income tax in place. It does, however, have the earned income tax credit, which functions similarly and benefits millions of Americans. That program generally has bipartisan support, and there is even legislation proposed to
What Does Gini Stand For? What does Gini stand for? Short definition. The Gini index measures the extent to which the distribution of income or consumption among individuals or households within an economy deviates from a perfectly equal distribution. A Gini index of 0 represents perfect equality, while an index of 100 implies perfect inequality.