Abstract
Recently, there has been a renewed interest in large-scale tax reform, namely a broad-based tax on consumption. Data from the Consumer Expenditure Survey give reason to worry about the likely regressivity of a consumption tax. The data indicate that low-income households spend virtually all of their income while high-income households spend less than 40 percent.
Research Area:
Centers
Centers:
To reuse content from Urban Institute, visit copyright.com, search for the publications, choose from a list of licenses, and complete the transaction.
