What if the vat instead replaced the state retail sales tax


Problem

Policy application. What would be the advantages and drawbacks of replacing the US individual income tax with a value-added tax? What if the VAT instead replaced the state retail sales tax? Who would be the gainers and losers in each case?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: What if the vat instead replaced the state retail sales tax
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