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Comparing an Income Tax to a Consumption Tax and the Effects They Have on Individual Taxes and the Economy.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Comparing an Income Tax to a Consumption Tax and the Effects They Have on Individual Taxes and the Economy./
Author:	Riese, Jeanne.
Description:	1 online resource (203 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.
Contained By:	Dissertation Abstracts International79-02A(E).
Subject:	Accounting. -
Online resource:	click for full text (PQDT)
ISBN:	9780355273014

Comparing an Income Tax to a Consumption Tax and the Effects They Have on Individual Taxes and the Economy.
Riese, Jeanne.

Comparing an Income Tax to a Consumption Tax and the Effects They Have on Individual Taxes and the Economy. - 1 online resource (203 pages)

Source: Dissertation Abstracts International, Volume: 79-02(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

Many taxers support a need to simplify the individual income tax system in the United States because the system is too complex. The problem that exists is that there is a negative impact on these individual taxpayers and the economy because the United States has an income tax system that has continued to increase in complexity. Consumption-base tax advocates have suggested that paying an indirect tax on new goods and services rather than a direct tax on income would have economic benefits for both the U.S. economy and individual taxpayers. A consumption tax would make the system simple, transparent, efficient, and equitable. Many such systems have been suggested with different political agendas expressed in support. With all these consumption tax systems explained, individual taxpayers are still confused as to which system is the best for them and the U.S. The purpose of this quasi-experimental quantitative study was to focus on a composite of individual taxpayers' tax returns to compare the income-based tax system to a consumption-based tax system to study the effects each system would have had on the individual taxpayers and the economy. Two questions were asked. The first question asked if a total projected consumption tax that could be collected would equal the income tax that was collected for a 15-year period. The second question asked if a total projected consumption tax that would be paid by individual taxpayers would be equal to the income tax the same taxpayers paid for the same 15-year period. The paired t test results for this study showed that it was possible for the U.S. government to maintain a collection of revenue neutral taxes under a consumption tax system and, at the same time, allow the U.S. taxpayers a reduction in tax.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355273014Subjects--Topical Terms:

561166
Accounting.
Index Terms--Genre/Form:

554714
Electronic books.

Comparing an Income Tax to a Consumption Tax and the Effects They Have on Individual Taxes and the Economy.
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504 $a Includes bibliographical references
520 $a Many taxers support a need to simplify the individual income tax system in the United States because the system is too complex. The problem that exists is that there is a negative impact on these individual taxpayers and the economy because the United States has an income tax system that has continued to increase in complexity. Consumption-base tax advocates have suggested that paying an indirect tax on new goods and services rather than a direct tax on income would have economic benefits for both the U.S. economy and individual taxpayers. A consumption tax would make the system simple, transparent, efficient, and equitable. Many such systems have been suggested with different political agendas expressed in support. With all these consumption tax systems explained, individual taxpayers are still confused as to which system is the best for them and the U.S. The purpose of this quasi-experimental quantitative study was to focus on a composite of individual taxpayers' tax returns to compare the income-based tax system to a consumption-based tax system to study the effects each system would have had on the individual taxpayers and the economy. Two questions were asked. The first question asked if a total projected consumption tax that could be collected would equal the income tax that was collected for a 15-year period. The second question asked if a total projected consumption tax that would be paid by individual taxpayers would be equal to the income tax the same taxpayers paid for the same 15-year period. The paired t test results for this study showed that it was possible for the U.S. government to maintain a collection of revenue neutral taxes under a consumption tax system and, at the same time, allow the U.S. taxpayers a reduction in tax.
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538 $a Mode of access: World Wide Web
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