A currency (from Middle English: curraunt, in circulation, from Latin: currens, -entis) in the most specific use of the word refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.
Although commonly extended from Government, the term subsidy can relate to any type of support-for example from NGOs or implicit subsidies. Subsidies com: direct (cash grants, interest-free loans) and indirect (tax breaks, insurance, low-interest loans, depreciation write-offs, rent rebates).ith an employment subsidy, the government provides assistance with wages. Another form of employment subsidy is the social security benefits. Employment subsidies allow a person receiving the benefit to enjoy some minimum standard of living.
As you make more income, you get less assistance from the government until, once you reach a certain threshold (it seems to be between 250% and 400% of the federal poverty level depending on your region), the assistance disappears. This is not the same as jumping up into a new tax bracket. The subsidy, in the form of a tax credit â meaning a dollar for dollar reduction in your tax bill â doesnât gradually drift away to nothing. Once youâre a dollar above the limit, POOF, the credit disappears. The difference in costs is stark.