Using national retail sales taxes replace income taxes

Reference no: EM131314336

Imagine that the U.S. Congress decides to completely overhaul the current federal income tax system because of its tremendous complexity and is considering using national retail sales taxes replace income taxes. Compare this proposed policy to the current income tax system using the revenue policy evaluation criteria-horizontal and vertical equity, economic effects, collectability, and adequacy.

Reference no: EM131314336

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