The United States is a world leader in the creation of a value-added tax.
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Q131: Most industrialized countries now have a value-added
Q132: Some countries rely strictly on a VAT
Q133: Progressive income taxes, social security benefits, and
Q134: Suppose that the average tax rate is
Q135: Automatic stabilizers act to moderate business cycles
Q136: Automatic stabilizers cause a smaller budget deficit
Q137: Public-sector spending plays a much bigger role
Q138: Foreign holdings of U.S. government securities act
Q140: Taxes on international trade are not important
Q141: A VAT is a regressive tax.
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