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DragoxCM16 DragoxCM16
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4 years ago
Recall the Application that questions if the United States can or should adopt a value-added tax (VAT) to answer the following question(s). The value-added tax is essentially a sales tax that is levied on each stage of production. Firms pay the value added tax on their sales and then receive a credit for value-added taxes paid by their suppliers. Unlike a sales tax, the value-added tax is embedded in the price of goods.


Recall the Application. One difference between a value-added tax and an income tax is the value-added tax

▸ is difficult to collect.

▸ is a progressive tax.

▸ does not penalize individuals who save.

▸ is not a consumption tax.
Textbook 
Macroeconomics: Principles, Applications and Tools

Macroeconomics: Principles, Applications and Tools


Edition: 7th
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coltonf1coltonf1
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DragoxCM16 Author
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4 years ago
Thanks for your help!!
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Helped a lot
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This site is awesome
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