production

Is It Time for The US To Consider a VAT Tax?
Is It Time for The US To Consider a VAT Tax?
Is It Time for The US To Consider a VAT Tax?
A VAT tax is simply a “Value Added Tax.” It’s a tax on consumption, not on production. It works a little like a sales tax except that taxes are added and deducted up and down the sales ladder. Here’s a brief example of how a VAT tax might work...