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Chapter 4 a Model Cash Flow Tax

By United States Department of the Treasury

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Book Id: WPLBN0000675672
Format Type: PDF eBook
File Size: 1.56 MB.
Reproduction Date: 2005
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Title: Chapter 4 a Model Cash Flow Tax  
Author: United States Department of the Treasury
Language: English
Subject: Government publications, Economics., United States. Department of the Treasury--Appropriations and Expenditures.
Collections: U.S. Department of the Treasury Collection
Publication Date:
Publisher: United States Department of the Treasury


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Department Of The Treasury, U. S. (n.d.). Chapter 4 a Model Cash Flow Tax. Retrieved from

Government Reference Publication

Excerpt: The mayor difference between the cash flow tax and the comprehensive income tax outlined in chapter 3 is that the change in an individual's net worth is effectively excluded from the base of the cash flow tax. In many other respects, the two taxes are alike. Consumption is included in both tax bases. The measure of consumption in the cash flow proposal is broadly similar to that in the comprehensive income tax proposal; it differs mainly in that it includes the flow of consumption from consumer durables and owner-occupied housing and certain other forms of in-kind consumption. The treatment of the family unit for tax purposes is the same in both the comprehensive income and cash flow proposals.


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