Is the VAT a money machine? Q.Is the VAT a money machine? A.A common criticism of the value-added tax is that it is simply a “money machine” that will enlarge a federal government by supplying a steady source of revenue. The empirical evidence has largely shown that this has not been the case. Read more about Is the VAT a money machine?
How are different consumption taxes related? Q.How are different consumption taxes related? A.A retail sales tax, value-added tax, the flat tax, and the X-tax are closely related. These taxes are contrasted with wage taxes. Read more about How are different consumption taxes related?
What would the tax rate be under a national retail sales tax? Q.What would the tax rate be under a national retail sales tax? A.It depends on assumptions about the breadth of the tax base, tax evasion and avoidance, and the effects on economic growth. It also depends on how the tax rate is measured. Read more about What would the tax rate be under a national retail sales tax?