Figuring Out the Tax - Congress, Treasury, and the Design of the Early Modern Income Tax

Looks at the early development of the federal income tax in the United States.

List of contents

1. Introduction: Cordell Hull writes the income Tax; 2. The birth, death, and resurrection of income tax withholding; Part I. Technical Problems Exposed by the High Tax Rates of World War I: 3. How the income tax became tax-inclusive; Part II. Early Mistakes and the Persistence of Error: 4. The tax-free step-up in basis at death and the charitable deduction for unrealized appreciation: the early mistakes; 5. The tax-free step-up in basis at death and the charitable deduction for unrealized appreciation: the failed reforms; Part III. Congress Muddles Through: 6. Capital losses in the early income tax; 7. A troubled relationship from the start: marriage and the income tax; Part IV. Congress Goes Its Own Way: 8. The early income tax and the imputed rental income of homeowners; 9. 'Blowing a kiss' at earned income; Part V. Concluding Perspectives: 10. 'Answers to inquirers'; 11. Is there a moral to the story?

About the author

Lawrence Zelenak is the Pamela B. Gann Professor of Law at Duke University, North Carolina.

Summary

Recounts the forgotten early development of the federal income tax in the United States. Topics covered range from marriage, to capital losses, to withholding. This book will be of particular interest to tax academics and professionals, but also to anyone wondering how income tax achieved its current form.

Product details

• Authors: Lawrence Zelenak, Lawrence (Duke University Zelenak, Zelenak Lawrence
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 28.02.2018
• EAN: 9781108421508
• ISBN: 978-1-108-42150-8
• No. of pages: 314
• Series: Cambridge Tax Law Series; Cambridge Tax Law; Cambridge Tax Law Series
• Subjects: Guides > Law, job, finance > Taxes; Social sciences, law, business > Law > International law, foreign law; USA, LAW / Taxation, Taxation, Legal History, United States of America, USA, c 1910 to c 1919, c 1914 to c 1918 (including WW1), C 1900 - C 1914, c 1900 to c 1909, Taxation and duties law, Public finance and taxation, Taxation & duties law