Personal Taxes (Chapter XVIII) — Frank A. Fetter
The Langenderfer Library: Classics in Tax, Economics, and AccountingShow Notes
How do inheritance and income taxes differ from taxes assessed on particular forms of property? Frank A. Fetter explains the personal basis of these levies and surveys their development, exemptions, graduated rates, and growing fiscal importance.
Moving from state inheritance taxes to the emergence of the modern federal income tax, Fetter shows how revenue needs and concerns about concentrated wealth shaped tax policy. The chapter closes by considering how personal taxes fit into a coherent overall system.
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