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It explains the system Dr. Norman B. Ture developed with IRET, aiming to raise revenue while “pricing” government costs through taxpayer-visible payments. The paper outlines neutrality, visibility, fairness, and simplicity as core attributes, then details how correct income measurement and even-handed taxation reduce distortions against labor, saving, and investment.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/the-inflow-outflow-tax-a-saving-deferred-neutral-tax-system-introduction-key-principles-of-a-neutral-visible-fair-and-simple-income-tax/305088/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/the-inflow-outflow-tax-a-saving-deferred-neutral-tax-system-introduction-key-principles-of-a-neutral-visible-fair-and-simple-income-tax/305088.png","ImageObject",442,249,{"name":88,"@type":89},"Sarah ","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-16","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":47},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What core idea does the Inflow Outflow Tax emphasize?","Question",{"text":108,"@type":109},"It is a cash-flow income tax that uses saving-deferred accounting to treat saving and investment neutrally compared with consumption.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does the paper define the purpose of visibility in a tax system?",{"text":113,"@type":109},"Visibility aims to make taxpayers clearly aware of government costs so voters can decide how much government activity to support.",{"name":115,"@type":106,"acceptedAnswer":116},"Which mechanisms does the paper propose to eliminate tax bias against saving and investment?",{"text":117,"@type":109},"It calls for removing transfer taxes on estates and gifts, eliminating dual taxation of certain corporate income, and allowing savers either to deduct saving or to exclude returns on saving from taxable income.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},305088,1790628875,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":47,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":135,"language":136,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":137,"faqs":138,"seo_title":139,"seo_description":61,"update_tm":140,"read_time":79},962085320529,"https://ap-avatar.wpscdn.com/davatar_9964176cb1d06d4a9deccf72a44ae3dc","| IRET\u003Cbr>Institute For Research On The Economics Of Taxation |\n| --- |\n| IRET is a non-profit 501(c)(3) economic policy research and educational organization devoted to informing the public about policies that will promote growth and efficient operation of the market economy. |\n\nTHE INFLOW OUTFLOW TAX—  \nA SAVING-DEFERRED NEUTRAL TAX SYSTEM  \nIntroduction  \nThe tax system presented in this paper was the last major work of Dr. Norman B. Ture before his death in August, 1997 . It describes his view of an ideal, highly visible, and reasonably simple income tax that is neutral in its treatment of saving and consumption uses of income. It is a simple cash flow tax imposed on individual income. The cash flow accounting used in the proposal makes it a saving-deferred tax. The multiple layers of tax on estates, gifts, and corporations are eliminated. Together, these changes eliminate the current income tax bias against saving and investment and lead to substantial tax simplification. Dr. Turedeveloped this tax proposal in recent years with the help of his staff at IRET.  \nTwo purposes of a good tax system—raising revenue and \"pricing\" government  \nAny restructuring of the nation’s tax system should be based on a set of clear tax principles, which should be uniformly applied to the exercise. Those who would redo the tax system should start by recognizing the two key purposes of a tax system, 1) to obtain revenue to pay for government goods, services, and activities, and 2) to let the citizen-taxpayers knowhow much they are paying for government, so that they may decide in an informed manner how much government activity they wish to support with their votes.  \nFour principles or attributes of a good tax system—neutrality, visibility, fairness, and  \nsimplicity  \nA good tax system should fulfill its first objective, raising revenue, in a manner that does the least damage to the economy. The attribute required to achieve that objective is\"neutrality.\" A neutral tax must be unbiased across economic activities, and, especially, not overly penalize work in favor of leisure, nor tax income used for saving and investment more heavily than income used for consumption.  \n 1710 RHODE ISLAND AVENUE, N.W. • 11th FLOOR • WASHINGTON, D.C. 20036 • (202) 463-1400 • [www.iret.org](www.iret.org)   \nThe second objective, letting voters know the cost of government, may be achieved by a tax system with the attribute of \"visibility\" or transparency to the taxpayers. A very large segment of the population must be made keenly aware that government costs money if government spending is to be held to levels at which its benefits match its costs. Toward that end, taxes should be paid by individuals, not hidden away at the business level or buried in the prices of products.  \nAdditional principles or attributes of a good tax system include fairness (properly defined), and reasonable simplicity and clarity. Simplicity and clarity, in turn should lead to easy, low cost administration and enforcement of the tax rules by the government and low cost of compliance for taxpayers.  \nNeutrality. Neutrality means measuring income correctly and then levying taxes evenlyon all uses of income by all income producers, without bias, to avoid distorting economic activity.  \nA neutral, unbiased tax system would begin with a sensible definition of income subject to tax. Income is a net concept, revenues less the cost of generating those revenues. Just as a business cannot reasonably be said to have a profit until its revenues exceed its costs of production (properly measured), neither can a worker or saver be said to have income until his or her revenues exceed the amounts spent on acquiring the skills or assets that will generate the revenues. The full value of all costs of earning revenues should be subtracted from revenues before any tax is imposed.  \nOnce income has been accurately measured and allocated among taxpayers, it should be taxed even-handedly. Neutral treatment requ","cbCaiidfGpU61r91","https://ap.wps.com/l/cbCaiidfGpU61r91","pdf",40226,10,"English","# Introduction\n## Two purposes of a good tax system—raising revenue and \"pricing\" government\n## Four principles or attributes—neutrality, visibility, fairness, simplicity","[{\"question\":\"What core idea does the Inflow Outflow Tax emphasize?\",\"answer\":\"It is a cash-flow income tax that uses saving-deferred accounting to treat saving and investment neutrally compared with consumption.\"},{\"question\":\"How does the paper define the purpose of visibility in a tax system?\",\"answer\":\"Visibility aims to make taxpayers clearly aware of government costs so voters can decide how much government activity to support.\"},{\"question\":\"Which mechanisms does the paper propose to eliminate tax bias against saving and investment?\",\"answer\":\"It calls for removing transfer taxes on estates and gifts, eliminating dual taxation of certain corporate income, and allowing savers either to deduct saving or to exclude returns on saving from taxable income.\"}]","THE INFLOW OUTFLOW TAX - A SAVING-DEFERRED NEUTRAL TAX SYSTEM - Introduction - Key principles of a neutral, visible, fair, and simple income tax | PDF",1789821851]