Compare this proposed policy to the current income tax, Finance Basics

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Compare this proposed policy to the current income tax

Imagine that the U.S. Congress decides to completely overhaul the current federal income tax system because of its tremendous complexity and is considering using national retail sales taxes replace income taxes. Compare this proposed policy to the current income tax system using the revenue policy evaluation criteria-horizontal and vertical equity, economic effects, collectability, and adequacy.

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Finance Basics: Compare this proposed policy to the current income tax

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Finance Basics: Compare this proposed policy to the current income tax

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