September 1982
National Review;9/17/1982, Vol. 34 Issue 18, p1172
This article discusses the implications of the tax bill passed by U.S. Congress in 1982. It is worth noting that in 1972, 15.5 per cent of the U.S. government's revenues were being brought in by the American business. Between 1970 and 1980 individual income taxes were more than doubled not by congressional action, but by inflation. The tax bill has sought to reduce the tax-collection function of business by extending various breaks. The 1982 estimates are that business will contribute 8 per cent of all tax revenues.


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