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What Is a Value-Added Tax? Where Is This Type of Tax

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Essay

What is a value-added tax? Where is this type of tax in wide usage? Why do you suppose this form of taxation has NOT been widely accepted in the United States?


Definitions:

False Consensus

The cognitive bias to overestimate the extent to which others share one's beliefs, attitudes, and behaviors.

Ingroup

A group to which an individual identifies as being a member, often viewed in contrast to an "outgroup".

Self-Focus

The act of directing attention inward, towards one's own thoughts, feelings, and experiences, which can influence self-awareness and personal growth.

Form Impressions

The process of forming opinions or beliefs about others based on the initial information presented to us.

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