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.
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