Suchergebnisse

This authoritative and readable survey is a comprehensive historical overview of federal taxation and fiscal policy in the United States, extending from the era of the American Revolution to the present day. Brownlee relates the principal stages of federal taxation to the crises that led to their adoption, including but not limited to: the formation of the republic, the Civil War, World War I and II, and the challenges to government that took hold during the 1980s. In this third edition, Brownlee adds four new chapters covering the colonial era, the American Revolution, the Civil War, the 1920s, and the post-1945 era including the tax policies of the George W. Bush and Barack Obama administrations. It features expanded discussion of government expenditures, deficits and debt, public resources, counter-cyclical fiscal policy, and state and local taxation. Its interdisciplinary interpretation makes it perfect for scholars, graduate students and advanced undergraduate students

The essay explores how ideas about social justice and economic
performance shaped the debates over federal taxation in the United States
since the origins of the republic. The debates were most intense during
major national emergencies (the American Revolution, the Civil War, World
War I, the Great Depression, and World War II), and each debate produced a
new tax regime-a tax system with its own characteristic tax base, rate
structure, administration apparatus, and social purpose. The criterion of
"ability to pay" and a concern for economic efficiency powerfully shaped
the formation of every tax regime, but "ability to pay" became the more
influential of the two considerations during the national crises of the
twentieth century.