Topic: Consumption Tax
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Which of these is an example of a tax on consumption?
Cigarette tax Read More »
Source: http://wiki.answers.com/Q/What_is_tax_on_consumption
What is consumption tax ?
For more information on consumption tax, visit Britannica.com. Read More »
Source: http://www.answers.com/topic/consumption-tax
What is a progressive consumption tax?
Progressiveness is not inherent in consumption taxes, but it can be introduced with a variety of measures. The examples I give come from the tax system in Greece, which may be one of the most inefficient in the first world, but has been exp... Read More »
Source: http://www.quora.com/Economics/What-is-a-progressive-consumption-...
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Consumption Tax
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A consumption tax mainly benefits the wealthy, who can afford to save more of their income. Exemptions on food and medicine partly address this. Another approach, part of the FairTax proposal, is to tax everything, but give every household ...
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Source: http://www.sptimes.com/2005/03/05/Business/A_national_consumptio....
More people pay taxes if you collect them at the point of sale. That includes drug dealers, some business owners and others who don't file income tax returns or who structure their affairs to pay minimal taxes. A sales tax is easier to unde...
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Source: http://www.sptimes.com/2005/03/05/Business/A_national_consumptio....
Any tax paid at the point of purchase qualifies, such as sales taxes, gasoline and alcohol taxes, hotel room taxes, airport taxes and the like. Many people support a national sales tax that would be added to the state and local sales taxes ...
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Source: http://www.sptimes.com/2005/03/05/Business/A_national_consumptio....
Or, to put it another way, will people support a tax system that only economists seem to love? There are three ways to tax what economists call consumption -- what the rest of us call spending. It can be taxed at the cash register through a...
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Source: http://www.businessweek.com/bwdaily/dnflash/nov2005/nf2005112_249...
That would be up to Congress. The answer depends partly on whether the consumption tax would be a partial or complete replacement for other taxes. For example, one proposal (www.fairtax.org) is for a national sales tax of 30 percent to repl...
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Source: http://www.sptimes.com/2005/03/05/Business/A_national_consumptio....
In theory, a national sales tax would be relatively easy to put in place since retailers are accustomed to collecting sales taxes. A value-added tax would require a new tax collection structure. However, retailers hate the idea of a nationa...
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Source: http://www.sptimes.com/2005/03/05/Business/A_national_consumptio....
