Fundamental Issues in Consumption Taxation - Paperback

by David F. Bradford (Author)

This is an essential and timely guide to the debate over overhauling the U.S. tax system, where economist David F. Bradford breaks down how consumption taxes and income taxes really compare, examines the flat tax, retail sales tax, value-added tax, and USA tax proposals, and confronts the thorny transition challenges of old savings, asset prices, interest rates, and incentives that every policymaker, economist, and engaged taxpayer should understand before reform begins.

The author discusses key concepts in consumption and income taxes and identifies the problems of a transition to a consumption-based system.