TITLE

Straight from the Horse's Mouth: An Outdated View…or Not?

AUTHOR(S)
Andrews, T. Coleman
PUB. DATE
May 2006
SOURCE
Journal of Financial Planning;May2006, Vol. 19 Issue 5, p22
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The article presents a quote from T. Coleman Andrews, commissioner of Internal Revenue in the United States from 1953 to 1955 concerning the income tax. Andrews claims the income tax is bad because it was conceived in class hatred as an instrument of vengeance and employs a communist principle of taking from those who have earned money in order to give to those who need it, but have not earned it. Coleman believes the income tax will destroy capitalist society by steeply taxing high incomes and providing heavy levies upon the estates of people when they die.
ACCESSION #
20803142

 

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