Consumed-Income Tax
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Consumed-Income Tax

A tax only on income that one spends on goods and services. A common example of a consumed-income tax is a sales tax. Most countries have consumed-income taxes at some level and proposals exist in the United States to shift from a mainly progressive tax system to a system that utilizes consumed income taxes predominantly or exclusively. Proponents of a consumed-income tax argue that it encourages saving and makes the economy more efficient, while opponents maintain that it adversely affects the poor, who must by necessity spend more of their income.

consumed-income tax

A tax levied only against the part of income that is spent. Proponents of this type of taxation contend that exempting the portion of income that is saved will encourage savings, provide funds for investment, and make the economy more productive.

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No references found			Income taxes apply to the production of economic benefits, while consumed-income taxes apply to benefits only when consumed. Savers' tax relief: revisiting a good idea by Taylor, Peter M. / National Tax Journal			Constant Proportion Portfolio Insurance Constant Ratio Plan Constant Yield Method Constant-Dollar Plan Constant-growth model Construccion de carteras constructed wetlands construction allowance construction contract Construction Financing construction loan construction to permanent loan Constructive Dividend constructive eviction constructive fraud Constructive Insider constructive notice constructive possession constructive receipt Constructive Sale Rule Consu Consular Invoice Consulenza Consumatore Consumed-Income Tax Consumed-Income Taxes Consumer Advisory Council Consumer Class Consumer Confidence Index Consumer Credit Consumer Credit Protection Act Consumer Credit Protection Act of 1968 Consumer Debenture Consumer Debt Consumer Durables Consumer Finance Company Consumer Goods Consumer Interest Consumer Internet Barometer consumer mortgage consumer price index Consumer Product Consumer Product Safety Commission Consumer Products Safety Act of 1972 Consumer Products Safety Commission Consumer Protection Telemarketing Act Consumer Reporting Agency Consumer Staples Consumismo Consumo Consumption Tax			Consumable Aviation Consolidated Allowance List consumable cost consumable electrode Consumable Electrode Vacuum Arc Remelt Consumable Electrode Vacuum Melt consumable guide electroslag welding consumable insert Consumable Item Transfer consumable supplies and materiel Consumable Supply Chain Management-Army consumables Consumables Maintenance and Overhaul Material List Consumables Management Consumables Status Consumables Team Leader Consumatore consume consume consume consume consume completely consume one’s substance Consume the Flesh Media consumed consumed Consumed Income Tax Consumed Income Taxes consumed-income tax Consumed-Income Taxes consumedly consumedly consumer consumer consumer consumer Consumer & Market Knowledge Consumer (biology) Consumer (biology) Consumer (biology) Consumer Action Consumer Action Program of Bedford-Stuyvesant Consumer Advisory Council Consumer Advisory Task Force Consumer advocacy Consumer Advocacy for Private Law Librarians Consumer advocacy group Consumer advocacy group Consumer advocacy group Consumer advocacy groups Consumer advocate Consumer advocate Consumer advocate Consumer Advocate Division Consumer Advocates in Research and Related Activities Consumer Aerosol Products Council Consumer affairs Consumer affairs Consumer affairs Consumer Affairs Authority

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Consumed-Income Tax (redirected from Consumed-Income Taxes)

Consumed-Income Tax
(redirected from Consumed-Income Taxes)