Examination of Basic Weaknesses of Income as the Major Federal Tax Base di Richard Lindholm edito da Praeger
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Examination of Basic Weaknesses of Income as the Major Federal Tax Base

Editore:

Praeger

EAN:

9780275921484

ISBN:

0275921484

Pagine:
338
Formato:
Hardback
Lingua:
Inglese
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Descrizione Examination of Basic Weaknesses of Income as the Major Federal Tax Base

?Edited by Lindholm, this volume provides an elaborate nontechnical critique of the federal income tax system in the US and contains recommended alternatives--notably the value added (VAT) or consumption tax. Income tax reform is eschewed. The several chapters deal with legal escapes from taxation through tax subsidies for business investment, distortion of the flow of resources toward housing because of interest deductibility, discouragement of saving, etc. Tax principles of simplicity, fairness, and market-determined efficiency are said to be increasingly violated. An analysis is provided of President Reagan's 1985 tax proposals, which are geared to make the income tax more efficient and equitable, rather than embrace a presumed politicallly impossible consumption tax.?-Choice

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