“The Unequal Taxation of Equals” in a Consumption Tax World?
A. Overview of Consumption Taxes 1. A Cash-Flow Consumption-Type Tax: Integrated Into the Current IncomeTax An income tax purportedly taxes savings twice: once when the money is earned, and again when the amount saved earns interest in later years. This has been shown to discriminate against those who postpone their personal consumption until future years.[1 ] One way to resolve this is by changing our federal income tax to one…
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