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4/15/2005

Taxes

It is April 15th and there is a very appropriate article on taxes. Various suggestions are given to improve our tax code. One suggests a national sales tax instead of an income tax. I think that a national sales tax would cut down on spending and hurt the economy. It would also create more dead weight social loss. What do you think?
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3 comments:

  1. Dr. Tufte10:57 PM

    In an earlier comment I worked out a ballpark figure for filing 1040 forms only of $75B. The point of a national sales tax is that while it may create a deadweight loss, it will save on preparation expenses.

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  2. carter10:28 PM

    Dr. Tufte,
    Is the deadweight loss worth the preparation expenses? Would it hurt or help the economy?

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  3. Dr. Tufte10:42 PM

    Most estimates are that a national sales tax would be beneficial (on this count).

    ReplyDelete

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