Tax Policy: Choosing Among Consumption Taxes
GGD-86-91
Published: Aug 20, 1986. Publicly Released: Aug 20, 1986.
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Highlights
Pursuant to congressional interest, GAO studied three consumption taxes to determine the features, relative advantages and disadvantages, and questions associated with each. GAO examined the use of a national retail sales tax, a value-added tax, and a personal expenditure tax to raise additional revenues to reduce the deficit.
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Topics
Budget receiptsDeficit reductionDisposable personal incomeExcise taxesFiscal policiesNational sales taxSales taxesTax administrationValue-added taxesConsumption taxes