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consumption tax

   Also found in: Encyclopedia, Wikipedia 0.02 sec.
Consumption tax
See: Value-added tax
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 25ยข 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 (VAT).
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While consumption taxes are inherently less fair than a progressive tax on income, there are ways to moderate its unfairness, and if a consumption tax were directly linked to a positive social good--such as a VAT that pays for universal health care--the entire package, taken together, would be enormously progressive.
Read my lips: raise taxes: the era of the tax revolt is over. How ... by Schmitt, Mark / Washington Monthly
A comprehensive debate on tax reform without consideration of some form of generally applicable consumption tax would ignore global trends.
Our business tax system: objectives, deficiencies, and options for ... by Tax Executive
Supporters of the container tax know full-well that these fees will be passed through the supply chain until the consumer pays, so it is simply a consumption tax under a false and misleading label.
Container tax is the wrong way to fund infrastructure by McLaurin, John / Los Angeles Business Journal
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