Congressional Research Service: 'Consumption Taxes - An Overview'
January 26, 2023
January 26, 2023
WASHINGTON, Jan. 26 -- The Congressional Research Service issued the following report (No. R44342) on Jan. 24, 2023, entitled "Consumption Taxes: An Overview" by public finance specialist Donald J. Marples.
Here are excerpts:
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SUMMARY
Some argue that the current U.S. income tax code is overly complicated and unfair, restrains economic growth, and is in need of reform. One option for tax reform would be to tax consumption instead . . .
Here are excerpts:
* * *
SUMMARY
Some argue that the current U.S. income tax code is overly complicated and unfair, restrains economic growth, and is in need of reform. One option for tax reform would be to tax consumption instead . . .