As specified in Congressional bill H.R. 25/S. 25, the FairTax is a proposal to replace the federal personal income tax, corporate income tax, payroll (FICA) tax, capital gains, alternative minimum, self-employment, and estate and gifts taxes with a single-rate federal retail sales tax. The...

The Value-Added Tax (VAT) is the most prevalent consumption tax globally, yet it is frequently deemed highly regressive. To address this, we propose a Personalized VAT (PVAT) devised in conjunction with a distributional policy. We aim to achieve three objectives: increase revenue collection,...

The VAT is the most widespread consumption tax in the world, but it is often considered highly regressive. To solve this, we propose a Personalized VAT (PVAT) jointly designed with a distributional policy. We seek for three goals: collect more, attain progressivity, and break the...