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Author Question: What has been the main argument over recent efforts to replace the personal income tax with a ... (Read 59 times)

Ebrown

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on: Jun 29, 2018
What has been the main argument over recent efforts to replace the personal income tax with a value-added tax?
 
  What will be an ideal response?

Question 2

If the Fed pursues an expansionary monetary policy, investment in the United States will ________ and net exports will ________.
 
  A) increase; decrease B) decrease; increase C) decrease; decrease D) increase; increase


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joshbk44

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Opposition to the VAT focuses on its inherent regressivity. It can be argued that the U.S. individual income tax already exempts much of saving because employer contributions to pension plans and increases in accumulated equity in private homes are not taxed. Opponents also argue that a huge new revenue source like the VAT might tempt the government to raise taxes.

Answer to Question 2

D


Ebrown

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

isabelt_18

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Reply 3 on: Yesterday
Excellent

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