An income tax to a national sales tax on sales of goods

Reference no: EM13293825

Suppose the United States were to convert its tax system from an income tax to a national sales tax on sales of goods and services. Certain necessities, like food, would be exempted from taxation, and low-income households would be granted tax refunds. Would such a tax system eliminate incentives to shift activities (a) from one period to the next, (b) from one type to another, and (c) from one pocket to another? Explain.

Reference no: EM13293825

Questions Cloud

Consumer food product-invested heavily-national advertising : Suppose you introduced a new consumer food product and invested heavily in (1) national advertising (pull strategy) and (2) motivating your field salesforce to sell the product to food stores (push strategy). What kinds of feedback would you receive..

Calculate the power is expended in the heater : A lamp (R=150), an electric heater (R=23), and a fan (R=50) are connected in parallel across a123V line. calculate the power is expended in the heater

Determine truth table that shows the voltages at the inputs : Given that the resistors that can be used in the lab have a maxpower rating of 1/8W and the logical voltage values will be 0V or5V at the input, determine an appropriate size for the requiredresistor assuming a .

What dollar amount of deposits can the bank have : A bank has a vault cash value of $1 million and $5 million in deposits held at its federal reserve sidtrict bank at 8% federal reserve ratio what dollar amount of deposits can the bank have?

An income tax to a national sales tax on sales of goods : Suppose the United States were to convert its tax system from an income tax to a national sales tax on sales of goods and services.

How to determine the number of moles of ca2+ : Making this assumption, determine the number of moles of Ca2+ present in the bottled water sample titrated. enter your answer with 3 significant figures

Find the return on a value-weighted index : Find the return on a value-weighted index of Intel and Motorola from January 1, 2005 to January 1, 2006.

Determine how can the resistor absorve more power : In an op amp circuit, how is it possible that the power delivered to the circuit by two voltage sources is smaller than the power absorved by a load such as a resistor. How can the resistor absorve more power

What is virtualization : What is virtualization and what are the benefits and tradeoffs and explain at least three common virtual technologies that are used.

User Account

All Pages