[ READ Progressive Consumption Taxation ] AUTHOR Robert Carroll – harwich–ahoy.co.uk


Progressive Consumption TaxationDavid Bradford offers the best form of progressive consumption taxation for the United States To achieve progressively the X tax modifies the value added tax by splitting its consumption tax base into two components wages and business cash flow The X tax applies graduated tax rates to households wages and business cash flow The X tax applies graduated tax rates to households wages and a flat tax rate eual to the highest wage tax rate applies graduated tax rates to households wages and a flat tax rate eual to the highest wage tax rate business firms cash flows The auth. ,

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Alone among developed countries the united states has no broad based national consumption States has no broad based national consumption Yet economic analysis suggests that consumption taxation is superior to income taxation because it does not penalize saving and investment The authors conclude that the US income tax system should be completely replaced by a progressive consumption tax The authors argue that the X tax developed by the late.
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Ors outline concrete proposals for the X tax s treatment of pensions and fringe benefits business firms financial intermediaries international transactions owner occupied housing state and local governments the transition and transactions owner occupied housing state and local governments the transition and issues By adopting the X tax the United States can preserve tax progressively while promoting economic Growth Through The Removal through the removal tax penalties on saving and investmen. .

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