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Table 8.
The Size of Two Possible Tax Bases for a Value-Added Tax, 1991
Amount
Items Included in Tax Base (Billions of dollars)
Broad Tax Base
Total Personal Consumption
in Gross Domestic Product 3,888
New Residential Construction 163
Subtotal 4,051
Exclusions from the Basea
Rental value of housing -574
Religious and welfare activities -108
Subtotal -682
Total 3,369
Narrower Tax Base
Total Personal Consumption
in Gross Domestic Product 3,888
Exclusions from the Basea
Rental value of housing -574
Religious and welfare activities -108
All medical care (including insurance) -656
Food consumed at home -407
Food furnished to employees -11
Food produced for farm consumption -1
Brokerage, banking, and life insurance services -237
Local transit (excluding taxis) -6
Clubs and fraternal organizations -9
Tolls for roads and bridges -2
Private education and research -93
Subtotal -2,104
Total 1,784
SOURCE: Congressional Budget Office based on national income and product
accounts.
a. The excluded amount assumes that the specified consumption is taxed at
a zero rate.