The Value-Added Tax: Is It Good for the United States? Write a five to seven (5-7) page paper that answers the following: 1. Explain the concept of value-added tax (VAT). This should be one to two (1-2) pages long. 2. Analyze the pros and cons of imposing a VAT. 3. Evaluate the merits of imposing VAT in the United States. 4. Give your opinion as to whether the United States should impose a VAT and whether the VAT should replace the current income tax or be imposed in addition to the income tax.