You are a government tax policy advisor. You are asked how to convert
You are a government tax policy advisor. You are asked how to convert the U.S. income tax into a consumption tax. Which of the following is the best response?
a. It already is a consumption tax.
b. Flatten the brackets into one rate.
c. Exclude the first $25,000 of income.
d. Allow unlimited contributions into IRAs
ANSWER
d
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