13. Assignment 2: The Value-Added Tax
Write a four to six (4-6) page paper that answers the following:
1.Explain the concept of value-added tax (VAT). (one to two (1-2) pages)
2.Analyze the pros and cons of imposing a VAT.
3.Evaluate the merits of imposing VAT in the United States.
4.Give your opinion as to whether the United States should impose a VAT and whether the VAT should replace the current income tax or be imposed in addition to the income tax.