Share
Explore BrainMass

Public Finance

What is comprehensive consumption? How is the consumption tax implemented?

Solution Preview

Comprehensive Consumption Defined and Implementation of Comprehensive Consumption Tax explained.
"The annual comprehensive consumption for a nation is calculated by deducting the annual savings from the annual comprehensive income. The more a citizen consumes the less he/she saves. The dominant form of taxation of consumption in the United States is the retail sales tax. Usually the sales tax is added on to retail purchases of goods by the ...

Solution Summary

What is comprehensive consumption? How is the consumption tax implemented?

$2.19