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View Diary: A Tale of Two Americas (259 comments)

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  •  Lots of options in Wikipedia (2+ / 0-)
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    Leo in NJ, FarWestGirl

    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 value added tax. However it can also be structured as a form of personal taxation, as a sales tax, or as an income tax that deducts investments and savings. A direct consumption tax may be called an expenditure tax, a cash-flow tax, or a consumed-income tax, and can be flat or progressive. Expenditure taxes have been briefly implemented in the past in India and Sri Lanka.

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