Why Has the United States Not Instituted a VAT? The United States differs from virtually all developed countries in that it does not have a VAT. What important aspect of the U.S. political system...

Why Has the United States Not Instituted a VAT? The United States differs from virtually all developed countries in that it does not have a VAT. What important aspect of the U.S. political system might account for this difference with other countries? (Related to Application 3 on page 388.)