macroeconomics

Assignment 2: The Value-Added Tax

Write a four to six (4-6)  page paper that answers the following:

Anyone who is doing this paper should answer all four questions by the completion of the paper, Thanks.

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 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.