value added tax

Value Added Tax, (i.e. VAT) Unlike any other sales tax method, VAT does not any manner increase prices by additionally taxing the sales taxes levied within previous sales transactions. For this reason the government?s revenues due to exactly the same rate of taxation is less for VAT and...

[FONT=Times New Roman]The “Fair tax” must be enacted incrementally [FONT=Times New Roman]I’m a proponent of replacing income tax revenues (to the maximum feasible extent with a federal sales tax, (i.e. the “fair tax”. [FONT=Times New Roman]I doubt sales tax of 23% could replace all...