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GnuCash 5.0

Personal and small-business financial-accounting software designed to be easy to use, yet powerful and flexible. Track bank accounts, stocks, income and expenses. ....

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Value-Added Tax: No Solution for Health Care or Fiscal Woes

Congress should resist calls for a VAT on top of all the taxesAmericans already pay. ....

United States , Heritage Foundation , Thomasa Roe Institute For Economic Policy , Organization For Economic Cooperation , Economic Cooperation , Tax Increase , More Power , Economic Power , Senior Analyst , Tax Policy , Economic Policy Studies , Value Added Tax , Value Added Tax , Redit Invoice , Subtraction Method ,

The Value-Added Tax Is Wrong for the United States

In the context of unprecedented U.S. budget deficits, some proponents of the value-added tax (VAT) are calling for the U.S. to levy a VAT to close the federal deficit. They are seriously mistaken. While a VAT has some advantages to the current U.S. tax code, adding the VAT to current federal taxes as proponents propose would realize none of these benefits and would instead depress the economy. The real cause of the massive federal deficit is Congress’s overspending, not a lack of taxation. ....

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