Value-Added Tax as a New Revenue Source
Description:
MMARY
Some Members of Congress have expressed interest in the feasibility of using a
value-added tax (VAT) to either replace all or
part of the income tax, finance health care
reform, or to fund America’s war effort. A
VAT is imposed at all levels of production on
the differences between firms’ sales and their
purchases from all other firms. Policymakers
may be interested in the following aspects of
a VAT: revenue yield, international comparison of composition of taxes, vertical equity,
neutral…
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Date:
March 19, 2003
Creator:
Bickley, James M.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department