Abstract
The goal of this study is to determine whether changes in tax law enacted with the purpose of inducing investment/savings actually have an impact on individual taxpayer spending behavior. The Congressional records indicate that much recent tax reform has been designed to emulate a consumption tax; therefore, an analysis of the effects of tax law changes designed to stimulate savings on the individual taxpayer should allow generalization regarding the implications of a consumption tax base on the individual taxpayer, ignoring macroeconomic effects.
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