Download Full Text (1.3 MB)
Formal Publication 89
Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130
Compared to most other developed Western nations, the United States relies far less heavily on consumption-based taxes. In practice, much of the impact of shifting to a higher consumption tax would depend on how the tax is structured. The two major policy alternatives are an expenditures tax levied on total purchases within an accounting period or a value-added tax collected on each purchase.
Tax Policy, Consumption, Savings, Reform, Expenditure Tax, Value-added Tax
Economics | Public Policy
Weidenbaum, Murray L. and Christian, Ernest S. Jr, "The Allure of Value-Added Taxes: Examining the Pros and Cons", Formal Publication 89, 1989, doi:10.7936/K73R0R19.
Murray Weidenbaum Publications, https://openscholarship.wustl.edu/mlw_papers/66.