Description and Analysis of Proposals to Replace the Federal Income Tax: Scheduled for Public Hearings Before the Committee on Ways and Means on June 6-8, 1995Distributed to some depository libraries in microfiche. |
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accounting administrative allocated allowed alternative minimum tax annual assets bill border tax adjustments business activity business purchases business tax capital gains cash collected consumers consumption tax consumption-based tax corporate income tax cost credit-invoice method credit-invoice VAT determined discussion durable earned income economic effect employees ex ante approach ex post approach example excise taxes exemption exports filing financial intermediary financial intermediation services financial services flat tax gift tax government and nonprofit implicit fees imputed rental approach increase individual income tax inputs interest investment itemized deductions marginal tax rate ment method VAT OECD payments percent present law present value relief retail sales tax revenue saving social security standard deduction subject to tax subtraction method subtraction-method VAT sumption tax tax base tax liability tax receipts taxable income taxes paid taxpayer tion transition rules treatment United value added Value-Added Tax wage tax zero rating zero-rated