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Uneasy Compromise - Problems of a Hybrid Income-Consumption Tax (Paperback, illustrated edition)
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Uneasy Compromise - Problems of a Hybrid Income-Consumption Tax (Paperback, illustrated edition)
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Whether the nation would be better served by an income tax or by a
consumption tax has been debated by tax experts for decades. In
practice, tax systems everywhere are mixed or ""hybrid"" systems.
And while legislators have reasons for enacting such systems, the
mix results in inequities, inefficiencies, and abuse.For Uneasy
Compromise, Brookings brought together some of the nation's most
knowledgeable tax experts and analysts to address the question: How
should lawmakers grapple with the problems that arise from the
side-by-side existence of principles of consumption taxation with
principles of income taxation? Rather than propose rules for an
ideal system that will never exist, this book addresses the
problems created by a hybrid system. In so doing, it offers
policymakers a comprehensive and sophisticated analysis of our
current tax system and the tools for evaluating proposed
refinements.
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