The Savings-Exempt Income Tax (and the Companion Business Cash-Flow Tax)

Authors

Murray L. Weidenbaum, Washington University in St Louis

Files

Publication Date

7-1-1994

Series Information

Policy Study 122

Publisher

Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130

Description

The United States would benefit greatly by reforming the national system of taxation to encourage more saving and investment. Doing so would help to achieve faster economic growth, higher levels of unemployment, and smaller budget deficits. Specifically, a savings-exempt income tax on individuals and families coupled with a companion cash-flow tax on business should replace the existing federal income taxes.

Keywords

Consumption Tax, Savings, Investment, Tax Code, Value-Added Tax

Disciplines

Economics | Public Policy

Comments

The Center for the Study of American Business (CSAB), 1975-2001, is the predecessor of the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis. Permanent URL: http://dx.doi/org/10.7936/K7FJ2F0X

DOI

doi:10.7936/K7FJ2F0X

Recommended Citation

Weidenbaum, Murray L., "The Savings-Exempt Income Tax (and the Companion Business Cash-Flow Tax)", Policy Study 122, 1994, doi:10.7936/K7FJ2F0X.
Murray Weidenbaum Publications, https://openscholarship.wustl.edu/mlw_papers/164.