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- Title
THE PROPOSAL TO REDUCE HIGH SURTAXES: II. THE CASE AGAINST REDUCTION.
- Authors
GROVES, HAROLD M.
- Abstract
The author argues against the proposal of reducing high surtaxes which exists in the U.S. It is stated that, the past economic policy makers of the U.S. saw the dangers of economic concentration and inequality and that is why surtaxes were imposed, and people who have the satisfaction of every important want secured and whose interest in additional income is mainly a matter of wasteful consumption or economic power, should be made to pay more tax. It is stated that, although there exists problem of avoidance and evasion of surtaxes, the fiscal productivity of surtaxes is very high, and the government cannot also afford to pass up the revenue which surtaxes supply at a time when the gap between receipts and expenditures is a matter of great national concern.
- Subjects
UNITED States; SURTAX; TAXATION; GOVERNMENT revenue; GOVERNMENT securities; INTERNAL revenue; INCOME inequality; INDUSTRIAL concentration; TAX evasion
- Publication
Law & Contemporary Problems, 1940, Vol 7, Issue 2, p189
- ISSN
0023-9186
- Publication type
Article
- DOI
10.2307/1189614