Taxation

Paper Summary:

This paper examines the argument put forth by Daniel Altman, concerning the abolition of income tax, in his article "What If a Sales Tax Were the Only Tax?". The paper considers Altman's article, which analyzes Representative Joe Linder's proposal to replace the income tax with a national sales tax and discusses Altman's point that such a proposal cannot be undertaken in such a simple a manner as Linder makes it sound.

From the Paper:

"Altman makes something of the same point when he notes that one advantage left to the national sales tax would be to serve the interests of the White House in creating an "ownership society" by chipping away at taxes on financial income and wealth. Altman suggests that this would mean that high-earning people would have to work harder to shift their income to nontaxed sources, though it is not clear why this would be so or that it would do more than slow down the process, not end it."

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