Figuring Out the Tax: Congress, Treasury, and the Design of the Early Modern Income Tax

ISBN-13: 9781108421508 / Angielski / Twarda / 2018 / 314 str.

Lawrence Zelenak

Opis

Looks at the early development of the federal income tax in the United States.

Recenzje

'This book was an enjoyable and illuminating read. Zelenak covers such a wide array of tax topics that it can be said with confidence that this book has something for everyone to appreciate.' Glen Loutzenhiser, British Tax Review

Spis treści

1. Introduction: Cordell Hull writes the income Tax; 2. The birth, death, and resurrection of income tax withholding; Part I. Technical Problems Exposed by the High Tax Rates of World War I: 3. How the income tax became tax-inclusive; Part II. Early Mistakes and the Persistence of Error: 4. The tax-free step-up in basis at death and the charitable deduction for unrealized appreciation: the early mistakes; 5. The tax-free step-up in basis at death and the charitable deduction for unrealized appreciation: the failed reforms; Part III. Congress Muddles Through: 6. Capital losses in the early income tax; 7. A troubled relationship from the start: marriage and the income tax; Part IV. Congress Goes Its Own Way: 8. The early income tax and the imputed rental income of homeowners; 9. 'Blowing a kiss' at earned income; Part V. Concluding Perspectives: 10. 'Answers to inquirers'; 11. Is there a moral to the story?