Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

A Tax on Consumed Income (CRS Report for Congress)

Premium   Purchase PDF for $24.95 (14 pages)
add to cart or subscribe for unlimited access
Release Date Jan. 13, 1993
Report Number 93-57
Report Type Report
Authors Gregg A. Esenwein, Economics Division
Source Agency Congressional Research Service
Summary:

Some advocate replacing the current income tax with a consumption based tax. Upon examination, however, the supporting evidence for these claims is less than conclusive. There appears to be insufficient theoretical or empirical evidence to conclude that a consumption based tax is inherently superior to an income based tax.