What did the President’s Advisory Panel on Federal Tax Reform say about the national retail sales tax? Q.What did the President’s Advisory Panel on Federal Tax Reform say about the national retail sales tax? A.Put simply: a nonstarter. Read more about What did the President’s Advisory Panel on Federal Tax Reform say about the national retail sales tax?
What are the major federal excise taxes, and how much money do they raise? Q.What are the major federal excise taxes, and how much money do they raise? A.Federal excise tax revenues—collected mostly from sales of motor fuel, airline tickets, tobacco, alcohol, and health-related goods and services—totaled nearly $100 billion in 2019, or 2.9 percent of total federal tax receipts. Read more about What are the major federal excise taxes, and how much money do they raise?
What transition rules would be needed for a national retail sales tax? Q.What transition rules would be needed for a national retail sales tax? A.The answer depends more on politics than economics. Read more about What transition rules would be needed for a national retail sales tax?
