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


 

Publication Date: April 2003

Publisher: Center for Economic and Policy Research

Author(s): John Schmitt

Research Area: Banking and finance

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.