Memorandum to Mr. Despres, Box 24, Folder 12, Item 2

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Subject: Economic Effects and Estimated Yields of a Set of Tax Proposals Designed to Raise Revenue without Restricting Consumption. Includes two tables comparing yield of current tax structure with the estimated yield from Krost's proposals.

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Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102