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The Death of the Income Tax
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The Death of the Income Tax: A Progressive Consumption Tax and the Path to Fiscal Reform

Daniel S. Goldberg

Abstract

The income tax is structurally flawed. As Part I of the book explains, some of the flaws are inherent in the income tax and some are self-inflicted. The income tax is needlessly complex, contains perverse incentives against saving and investment, fails to use modern technology to ease compliance and collection burdens, and is subject to micromanaging and mismanaging by Congress. These problems, in turn, lead to noncompliance with the income tax resulting in hundreds of billions of dollars of tax revenue not collected each year, and to large costs required to run the tax system. This book propo ... More

Keywords: income tax, consumption tax, e-Tax, consumed income, yield exemption, value added tax, sales tax, realization, deductions, income

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199948802
Published to Oxford Scholarship Online: September 2013 DOI:10.1093/acprof:oso/9780199948802.001.0001

Authors

Affiliations are at time of print publication.

Daniel S. Goldberg, author
University of Maryland

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