The Tax Muddle

September 1942
New Republic;9/14/42, Vol. 107 Issue 11, p303
Presents information on facts and fundamental principles of taxation in the U.S. Privilege of corporations to choose between the two methods of paying their excess profits due to the war; Need for proper collection of sales tax; Advantages of collecting income tax by deductions from pay checks, dividend payments and like sources; Claim that the Ruml or Pay as You Go plan, meets the difficulty of tax collection at source by simply omitting the tax on the previous year's income and changing to the new system all at once; Plans of the Treasury for levying spendings tax, in addition to ordinary income tax.


Related Articles

  • Higher Taxes on Wealth.  // New Republic;8/17/18, Vol. 16 Issue 198, p65 

    Comments on the revision of scheme of war taxation in the U.S. Strategy of the government to lower the income tax exemption in order to reach more of the labor incomes that have been increased by the war; Extension of the system of excise taxation; Establishment of war tax for the established...

  • Considering a new tax system. Gale, William // Quill;Oct95, Vol. 83 Issue 8, p35 

    Presents background and economic perspectives for analyzing proposals to reform the national tax system. Definition of consumption tax; National retail sales tax; Value added tax; Flat tax; Unlimited saving account tax; Economic efficiency and growth.

  • EXCESS PROFITS TAX MINUS ITS TECHNICALITIES. Donnell, George R. // Accounting Review;Jul51, Vol. 26 Issue 3, p384 

    The excess profits credit based on record of earnings and the excess profits credit, based on invested capital are fraught with variations applicable to different circumstances as to require individual treatment according to the individual case. The basic questions being asked daily relate in...

  • Maryland May Face Spending Cuts This Year as $1B FY '10 Deficit Looms. Funk, Lynne // Bond Buyer;9/3/2008, Vol. 365 Issue 32953, p4 

    The article reports on the issue that Maryland could face spending cuts to address the $1 billion revenue shortfall that is expected in fiscal 2010. It shows that the state faced weaker tax collections and continually revised budgets in light of the nationwide economic downturn. It also...

  • What About Our Taxes?  // New Republic;3/10/20, Vol. 22 Issue 275, p47 

    Discusses the efforts of the government to cut down taxation through the excess profits tax system in the U.S. Defects of the excess profits tax law; Unlikelihood of a guarantee on the maintained level of prices and incomes; Burdens on the growing national debt.

  • Carryover Basis Rule: The Last Stand. Middleton, Martha // American Bar Association Journal;Jun80, Vol. 66 Issue 6, p706 

    Focuses on efforts to reinstate the carryover basis rule in excess profits tax in the United States. Repeal of the carryover basis with the enactment of the Crude Oil Windfall Profit Tax Act of 1980; Illustration of the carryover basis rule; Impact on business. INSET: Windfall Profit Tax Act:...

  • The Excess Profits Tax.  // New Republic;9/15/17, Vol. 12 Issue 150, p174 

    Argues over the most reasonable rate of taxation to levy in the time of First World War in the U.S. Comment on the excess profit tax as the most profitable one based on its passage through various tests; Effect on production of the U.S. amidst the First World War by modest taxation rates;...

  • Consumption Taxes: Macroeconomic Effects and Policy Issues. Garner, C. Alan // Economic Review (01612387);2005 2nd Quarter, Vol. 90 Issue 2, p5 

    Analyzes the macroeconomic effects of replacing the current federal tax system in the U.S. with a consumption tax. Background on the goals of tax reform; Difference between an income tax and a consumption tax; Details of the versions of a consumption tax. INSET: DIFFERING ESTIMATES OF THE...

  • Q: Would it be a good idea to replace the income tax with a consumption tax? Archer, Bill; McIntyre, Robert S. // Insight on the News;09/23/96, Vol. 12 Issue 36, p26 

    Debates on a proposal to replace the income tax with a consumption tax in the United States. Advantages and disadvantages of the proposal; Measures of an effective taxation structure.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics