Good Hybrids/Bad Hybrids

In the second article I published as an academic, in 1992, “Tax Policy Under Hybrid Income – Consumption Tax,” I wrote that: the tax policy literature has spent decades, and by some measures centuries, discussing the relative merits of an income versus a consumption tax. It may be time to stop. We should accept the fact of a hybrid income-consumption tax and begin to figure out how best to structure it.[1]…
Robert C. Packard Trustee Chair in Law and Political Science, USC Gould School of Law, Los Angeles, USA
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