The X Tax is an approach to taxation conceived by Princeton University economist and New York University School of Law professor David F. Bradford, It consists of two taxes: The corporate tax component, referred to as the business cash flow tax, levies taxes on company sales while excluding material expenses and wages. Unlike traditional corporate income tax, firms are able to immediately expense all capital investment (called "full expensing").
The X Tax is an approach to taxation conceived by Princeton University economist and New York University School of Law professor David F. Bradford, It consists of two taxes: The corporate tax component, referred to as the business cash flow tax, levies taxes on company sales while excluding material expenses and wages. Unlike traditional corporate income tax, firms are able to immediately expense all capital investment (called "full expensing").
Source: Wikipedia "X tax" · CC BY-SA 4.0
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