The Concept of Value Added Tax in the United States Write a four to six (4-6) page paper that answers the following:
1. Explain the concept of value-added tax (VAT). (one to two (1-2) pages)
2. Analyze the pros and cons of imposing a VAT.
3. Evaluate the merits of imposing a VAT in the United States.
4. Give your opinion as to whether the United States should impose a VAT and whether the VAT should replace the current income tax or be imposed in addition
to the income tax.
