Costs and Revenues

Michael Graetz's Competitive Tax Plan for America

Prepared by Carolyn Avery, IAS Group

(in billions of $)

	REVENUES	COSTS
10% VAT 14% VAT	735 - 850 1,015 - 1,190
Individual Income Tax Relief		575 - 650
15% Corporate Income Tax		180 - 190
Smart Card		60
Higher Exemption - Estate Tax	30 - 40
TOTAL	765 - 1,230	815 - 900