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Text File  |  1993-02-17  |  1KB  |  23 lines
  1. REV-34 IMPOSE A VALUE-ADDED TAX
  2.  
  3.                                 Annual Added Revenues
  4.                                 (Billions of dollars)             Cumulative
  5. Addition to          -----------------------------------------    Five-Year
  6. CBO Baseline         1994     1995      1996     1997     1998     Addition
  7. ---------------------------------------------------------------------------
  8. 5 Percent Rate, with
  9. Comprehensive Base       0     68.2     107.5    116.3    125.3      417.3
  10.  
  11. 5 Percent Rate, with
  12. Food, Housing, and
  13. Medical Care Excluded    0     35.7      56.1     60.4     64.8      217.0
  14.  --------------------------------------------------------------------------
  15.  
  16. SOURCE:  Joint Committee on Taxation.
  17.  
  18. NOTE:Estimates are based on an effective date of January 1, 1995.  They are
  19.      net of reduced income and payroll tax revenues, but do not reflect
  20.      added administrative costs.
  21.  
  22. ---------------------------------------------------------------------------
  23.