Solved: Many americans to abolish the income tax and replace it, Accounting Basics

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Many americans to abolish the income tax and replace it

Given all the complexities of the tax laws we've been discussing, can anyone in our class comment on the desire by many Americans to abolish the income tax and replace it with a flat, consumption based tax? What would be the benefits and the pitfalls of such a dramatic change?

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Accounting Basics: Many americans to abolish the income tax and replace it

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