Consumption Tax

From dKosopedia

Category: Kossary

Many people have proposed creating a consumption tax for the United States. These people don't like U.S. style retail Sales Taxation, but want to have a tax that doesn't burden savings and investment. To avoid the administration burden associated with Value Added Taxes many proposals to bring a consumption tax to the U.S. would have taxpayers fill out an income tax style return and then get a deduction for any savings and investments made or other taxes paid.