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Fall 2011 Class Descriptions

As of 8/29/2016 5:51:48 AM

Consumption Taxes

This course will focus on two current types of consumption taxes: The retail

sales tax, which is used by most US states, and the value added tax (VAT),

which is the most important tax globally outside the US and is also used by

Michigan. We will analyze both taxes in some detail to show their advantages

and disadvantages in comparison with the income tax. In addition, we will

analyze some of the current proposals to replace the US income tax with a

VAT-type consumption tax.

2.00 hours