Assume the federal government replaces the federal income tax with a sales tax placed on all consumption

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Assume the federal government replaces the federal income tax with a sales tax placed on all consumption expenditures. Analyze the impact of this tax change on taxation efficiency and equity. The federal government already collects a nationwide consumption tax through excise taxes on gasoline, liquor, and tobacco?
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Survey of Economics

ISBN: 978-1111989668

8th edition

Authors: Irvin B. Tucker

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