Discuss the way that saving is taxed under an income tax and consuption tax.which is more efficint ? why?which is more equitable ?why?
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Expert's answer
2018-08-20T10:02:08-0400
A consumption tax (also known as a cash-flow tax, expenditure tax, or consumed income tax) is levied on goods and services that are consumed. While an income tax is based upon income earned from labor or capital, a consumption tax is solely based upon consumption. Source: https://www.investorguide.com/article/11831/consumption-vs-income-tax-which-has-a-larger-impact-igu/
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