The Origins of the American Income Tax: The Revenue Act of 1894 and Its Aftermath - Rilegato

Joseph, Richard J.

Rilegato

ISBN 10: 0815630212 ISBN 13: 9780815630210

Casa editrice: Syracuse Univ Pr, 2004

Riassunto

Although the permanent tax on individual incomes was enacted in 1913, Joseph (U. of Texas) finds its roots in the congressional debates of the 1890s. For this reason, he examines the debates that led to the Income Tax of 1894, discussing the socioeconomic developments that led to the switch from tariff taxation to taxation based on net income. He argues that the primary impetus for this switch arose from the public, but was never intended to change the basic pattern of national wealth distribution. Instead, he argues, the primary purpose of the income tax was to redistribute the tax burden. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)

Su questo libro

Product Description:

Why do critics want to "pull up the income tax by its roots"? Why do we have an income tax altogether - especially if its principles are no longer workable and the tax no longer serves its intended purpose? Or are the roots, in fact, still viable? This compelling book seeks answers to those questions in long-forgotten archives of tax history. Drawing on rare records from Congress, Richard J. Joseph demonstrates how the idea of relating taxes to individuals and businesses evolved during 1893-1895, leading in 1894 to the first American income tax legislation. That initial law, he notes, was intended to create a permanent and a fair "ability-to-pay" system. With an eye for detail Joseph explores ways in which it would serve as a model for future revenue. He explains how global and domestic changes have rendered it passe. And he shows how much of that early law informs our current federal taxation system. A lively written text makes this volume accessible to both lay person and tax scholar. Its stories of corporate taxation, rarely if ever divulged before, are highly relevant today.

Su questa edizione

• Editore: Syracuse Univ Pr
• Data di pubblicazione: 2004
• ISBN 10: 0815630212
• ISBN 13: 9780815630210
• Rilegatura: Copertina rigida
• Numero di pagine: 205