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The Cash Flow Version of an Expenditure Tax

By Mieszkowski, Peter

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Book Id: WPLBN0000696925
Format Type: PDF eBook
File Size: 3.11 MB.
Reproduction Date: 2005
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Title: The Cash Flow Version of an Expenditure Tax  
Author: Mieszkowski, Peter
Language: English
Subject: Government publications, Economics., United States. Department of the Treasury--Appropriations and Expenditures.
Collections: U.S. Department of the Treasury Collection
Publication Date:
Publisher: United States Department of the Treasury


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Mieszkowski, P. (n.d.). The Cash Flow Version of an Expenditure Tax. Retrieved from

Government Reference Publication

Introduction: In this paper a comprehensive plan for the introduction of a progressive consumption, or expenditure tax, is presented. AS a first step various arguments that favor the use of consumption, rather than income, as the personal tax base are reviewed. Since many of these arguments are based on the shortcomings of the existing income tax system, they depend on the nature of the income tax system an expenditure tax will replace. However, they also depend on value judgments regarding trade-offs among various social objectives. In addition, the advantages of a consumption tax base hinge on factual issues, such as what will happen to savings and growth under expenditure tax system.

Table of Contents
TABLE OF CONTENTS I. Introduction ................2 11. General Nature of Integrated Proposal....9 I11. A Cash Flow Tax As An Approximation TO An Expenditure Tax...............16 IV. A Comprehensive Cash Flow Tax Base ..... V. A . Some Special Aspects of a Cash Flow Tax System .................28 B. Averaging ................46 C. Treatment of International Transactions. D. Treatment of Taxpayers With Overseas Connections or Interests ........48 VI. The Accessions Tax .............51 VI1 . Approaches To Transition. Or Phase-in Of the Expenditure Tax...............59


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