LO.4 Both a value added tax (VAT) and a national sales tax have been criticized as being

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LO.4 Both a value added tax (VAT) and a national sales tax have been criticized as being regressive in their effect.

a. Explain.

b. How could this shortcoming be remedied in the case of a national sales tax?

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South Western Federal Taxation 2013 Individual Income Taxes

ISBN: 9781133189558

36th Edition

Authors: William Hoffman, James E. Smith

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