Tuesday, April 26, 2005

Tax Reform 101

Kevin Hassett writing for Tech Central Station . . .

Tax reform is at times complicated business, but it need not be. Indeed, the key logical setup for the tax debate is quite simple, and involves only three key
observations.
Snip.

Consumption is a better tax base than income.
Snip.

A Value Added Tax is a consumption tax.
Snip.

Consumption tax proposals are just modified VATs.
Read this clearly written piece here.

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