Econ 232, Foldvary, public finance

written assignment 10

40 pts.

Due Dec. 5, 2016

The “Fair Tax” proposal.

1. Read about the “fair tax” proposal:

how

wiki

trouble policy

trouble Forbes

fact

debunk

2. Write an analysis of the economic impact of the proposed national sales tax versus a flat-rate federal personal income tax with a deduction only for charity, with no corporate income tax, the personal tax base including retained corporate earnings.