Description: To most Americans, the United States tax code has become a vast and confounding puzzle. Graetz, one of the world's leading tax policy experts, offers "the most interesting [tax] plan I've seen" (David Ignatius, Washington Post). Now in paperback, his plan would eliminate the income tax for most Americans and replace it with a value-added tax that would be levied on goods at each stage of exchange, from the producer to the consumer.
Review Quotes:
"Michael Graetz, one of the world's leading tax policy experts, has put forth a plan that joins sensible economics with political possibility. His proposal should be essential reading for the next president."--Glenn Hubbard, Dean, Columbia University Graduate School of Business, former chair of the Council of Economic Advisors under President George W. Bush
--Glenn Hubbard