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consumed-income tax

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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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In comparing Dick Armey's flat consumed-income tax and Bill Archer's national sales tax/VAT, it is important to begin by outlining just what criteria determine the "best" or least destructive tax.
Rewriting the code by Reason
The movement toward a consumed-income tax eventually may meet these criteria, or tax reform may go in another direction entirely.
A road map for tax reform by Foster, J.D. / Chief Executive (U.S.)
While theoreticians can debate the proper treatment of charitable contributions under a consumed-income tax system, the political reality is that any tax system is likely to retain preferential treatment for charity.
Restructuring the tax system by Peterson, Shirley D. / Tax Executive
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