There is a widespread view that the appropriate basis for taxation is an individual's lifetime consumption (or
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There is a widespread view that the appropriate basis for taxation is an individual's lifetime consumption (or lifetime income). Discuss the inequities and inefficiencies that would arise from a consumption tax that had increasing marginal tax rates but no provisions for averaging years of low consumption with years of high consumption. Would these problems also arise under a fl at-rate consumption tax?
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Economics Of The Public Sector
ISBN: 9780393925227
4th Edition
Authors: Joseph E. Stiglitz, Jay K. Rosengard
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