Gang, Ira N.; Das-Gupta, Arindam - 1997
We describe the simple analytics of the four main types of sales taxes under revenue neutrality: the retail sales tax …, the value added tax, a cascading sales tax and a manufacturers' sales tax. The retail sales tax is shown to be equivalent …. However, output under a retail sales tax exceeds that under a cascading sales tax and deadweight losses are lower. The …