Consumption Tax

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Consumption tax

See: Value-added tax

Consumption Tax

A tax only on income that one spends on goods and services. A common example of a consumption tax is a sales tax. Most countries have consumption taxes at some level and proposals exist in the United States to shift from a mainly progressive tax system to a system that utilizes consumption taxes predominantly or exclusively. Proponents of a consumption 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.

consumption tax

A tax levied on individual commodities or services and included as part of the retail price of those commodities or services paid by consumers. For example, a 25¢ tax levied on a pack of cigarettes is a consumption tax. Consumption taxes are advocated by many people as an inducement to increase savings in the economy. These people argue that the present taxation of income penalizes savers and rewards spenders. Compare excise tax, value-added tax.

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Excise Tax Imposto de consume Impot de consummation Impuesto al consume Value-Added Tax			CUMHURIYET ---------- GOVERNMENT TO STICK WITH REDUCED CONSUMPTION TAX The government said it would continue to collect a reduced special consumption tax on vehicles of under 1,600 cc and on durable goods as part of its efforts to revive a crisis-hit economy. TURKEY-PRESS SCAN (2) by Anadolu (Eskisehir, Turkey) The General Consumption Tax (GCT) is also usually payable upon entry. Market challenges by Caribbean Update Byline: BEIJING: China's ministry of finance has decided to keep fuel consumption tax rates unchanged in 2009, the ministry said on its website, an apparent move to quash talk that it might raise the tax. China decides to leave fuel tax rates unchanged in 2009 by Oil & Gas News			Consumed-Income Tax 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 Conta corrente Conta de garantia bloqueada Contabile Contabilidad a costo de reposicion Contabilidad de la inflacion Contabilidade Contabilidade de custos Contabilizacao dos efeitos da inflacao Contador Contador publico nacional Contagion contamination Contango Contas a pagar Contas a receber Contas de Grupo Contate Contencao voluntaria das exportacoes Conti di Gruppo contiguous Contingency contingency clause Contingency Graph Contingency Order Contingent			consummatory behaviour Consumo Consumo CONSUMP consumptio consumption consumption consumption consumption consumption Consumption (biology) Consumption (biology) Consumption (biology) Consumption (disease) Consumption (disease) Consumption (disease) Consumption (economics) Consumption (economics) Consumption Based Asset Pricing Model Consumption Based Ordering Consumption Capital Asset Pricing Model consumption coagulopathy Consumption Entry Consumption Fund Consumption Junction Consumption of fixed capital Consumption of Materials Consumption of the bowels Consumption Possibility Frontier consumption rate Consumption Tax Consumption Taxes Consumption Taxes Consumption Taxes consumption thrombocytopenia consumption thrombocytopenia consumption thrombocytopenia consumption thrombohemorrhagic disorder Consumption Variation consumption weed Consumption, Average per Capita Consumption, Nonproductive Consumption, Personal Consumption, Productive consumptive consumptive consumptive consumptive behavior consumptive behavior consumptive behavior consumptive behavior Consumptive coagulopathy Consumptive coagulopathy consumptive use Consumptive Use Permit Consumptive weed Consumptive's Weed consumptively consumptively consumptively Consumptiveness

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