The Place of the Income Tax in the Reform of State Taxation — Thomas S. Adams
The Langenderfer Library: Classics in Tax, Economics, and AccountingShow Notes
What role should an income tax play in repairing state revenue systems? Thomas S. Adams examines the weaknesses of the general property tax and considers how income taxation can improve fairness, reach forms of wealth that escape assessment, and provide a more workable basis for public revenue.
Writing during a formative period in American tax administration, Adams connects tax design to enforcement, taxpayer capacity, and the proper division of revenue sources. The essay captures the practical and institutional thinking that helped shape the modern state income tax.
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