Should the tax laws be reformed to encourage savings

Reference no: EM133219366

Question - Taxes and Saving - It has been proposed that the United States replace the current income tax with a value-added tax. You can think of a value-added tax as a national sales tax. What kind of impact do you think such a change would have? In particular, how might it affect saving in the United States? Should the tax laws be reformed to encourage savings? Discuss the pros and cons in these aspects.

Reference no: EM133219366

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