Sunday, October 17, 2004

A serious discussion of taxing only "sales" (value added taxation)

The New York Times > Business > Your Money > Economic View: What if a Sales Tax Were the Only Tax?

It's ludicrous of course. A federal sales tax (VAT) has a role in overall taxation, but not as a sole item. Altman demolishes the Bush fantasy of a primary sales tax with a few simple questions.

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