The richest tenth, about 90% of whom are white, accounts for 46% of national consumption of goods and services.
There often is debate about whether, if we went the national consumption tax route, a value-added tax (VAT) or retail sales tax (RST) would be better.
All of which brings us to a national consumption tax that would lead to the abolishment of income taxes, along with taxes on estates, capital gains, and presumably everything else.
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Ron Paul supports the elimination of the income tax altogether, and the implementation of a national consumption tax or even no new tax at all (apparently retaining the existing payroll tax, which is a sort of income tax, and having a much smaller federal government).
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The significantly higher tax base that would result under lower capital income taxes means that such a reform would be deficit-neutral, provided that either transfer payments were reduced by less than 2% of GDP or a national consumption tax of less than 3% were adopted.
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By US Department of Energy estimates, tribal lands hold solar energy potential equivalent to 4.5 times the national electricity consumption.
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Iron ore and transportation costs, coupled with higher energy prices, will likely cause national steel consumption to cool by at least 2.6% to as much as 4.6% this year.
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So heavy are the current energy demands of our expanding data usage that the U.S. Environmental Protection Agency has pegged servers and data centers as responsible for nearly two percent of total national electricity consumption.
The site says 7.2 percent of the national daily oil consumption is attributed to heavy-duty truck idling.
Against this, expected national government revenues from the consumption tax are JPY 7.2 trillion, i.e.
The other thing that has risen as a share of national income is taxes on consumption minus subsidies.
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At the same time the national price index for personal consumption spending increased 0.3% in the third quarter, which is seasonally adjusted, but may reflect a slight pick up in pre-holiday spending.
As with Obamanomics, the unspoken understanding, or desire, of the technocrats is to fund additional incentives, as well as to pay for the welfare state, by raising the consumption tax (national sales tax) from the current 5 percent to something much higher.
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Since the old, who have shorter time horizons, have larger propensities to consume than do the young, this transfer has fueled a huge increase in personal consumption, reducing our national saving rate (saving as a share of national income) from 10 to 15% in the 1950s and 60s to a negative 1.5% last year.
At the national level the balance of primary incomes makes gross income, i.e. before deduction of consumption of fixed capital, equal to Gross National Income (GNI).
It is a key element of various forms of consumption taxes such as the National Retail Sales Tax (including the wildly misnamed FAIR tax).
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Local and federal authorities are also preparing a national campaign to raise public awareness of water consumption.
What if Congress lowers income tax rates and imposes a consumption tax--perhaps a national sales or value added tax--to make up the difference?
It will take a lot of national pain as our economy transitions from a consumption based, high-debt, low-growth debtor nation into a manufacturing and exporting nation once again.
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While Article I of the Constitution limits Congress to regulating interstate commerce, the court has taken a broad view of those powers, up to and including prohibiting a farmer from growing wheat for his own consumption because it might interfere with a national price-support program.
Any type of fundamental tax reform, whether the introduction of a national sales tax, a flat tax, a personal consumption tax or one of their myriad derivatives, would imply an enormous economic and fiscal upheaval.
With households now highly indebted across the industrialized world, a sustained recovery in private consumption will require a rise in the share of national incomes accounted for by wages and salaries.
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Despite the ban on Pearl island, alcohol can be consumed in Doha's glitzy hotels, and expatriates who have a license can purchase liquor for consumption at home from a store owned by the national airline, Qatar Airways.
Job and wage cuts boost profits, but they also dampen consumption, as businesses claw back a bigger share of national income.
Golden Week is a national holiday that lasts seven days and is supposed to foster tourism, consumption, and allow workers to visit family members in more remote areas of the country.
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Two national charities have launched different campaigns urging people to cut down on their alcohol consumption.
The China National Coal Association expects demand to grow by 4-6% in 2010 and the coal consumption to expand to roughly 3.4 billion tonnes.
Gaffney, Jr. at a Capitol Hill briefing on Monday make clear, U.S. national security may be jeopardized in numerous ways by mandatory near-term reductions in fossil fuel consumption.
We want to reduce our gasoline consumption by 20 percent over the next 10 years, which will not only help our national security, it will make us better stewards of the environment.
Instead of using national wealth, investing in roads and infrastructure, or competitive education, the government has favored increased domestic consumption.
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