Consumption Tax

A consumption tax is a tax on spending on goods and services. The tax base of such a tax is the money spent on consumption. Consumption taxes are usually indirect, such as a sales tax or a value added tax. However, a consumption tax can also be structured as a form of direct, personal taxation, such as the Hall–Rabushka flat tax.

Read more about Consumption Tax:  History, Savings Effect, Practical Considerations, Economic Impact

Famous quotes containing the words consumption and/or tax:

    “Tourism, human circulation considered as consumption ... is fundamentally nothing more than the leisure of going to see what has become banal.”
    —Guy Debord (b. 1931)

    “I come into the peace of wild things
    who do not tax their lives with forethought
    of grief.”
    —Wendell Berry (b. 1934)