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Is It Time to Export the US Tax Model to Latin America?

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Publication Date: April 2003

Publisher(s): Center for Economic and Policy Research

Author(s): John Schmitt

Topic: Banking and finance (Taxation and tax policy)

Keywords: Wealth redistribution; Sales tax; Household income

Type: Report

Abstract:

This paper explores the hypothetical effect of raising tax revenue in Latin American countries through a progressive taxation model. It finds that the benefits would be substantial, allowing for almost all of the region’s countries to double their heath and education spending.