Timelines In Tax History: Tax Codes, Tax Reform, And Tax Preferences

Contributing sentiments towards policy:

66% : The income tax gave members of Congress a ready store of legislative goodies that they could deliver to constituents whenever it seemed most helpful.
51% : Before the 1952 changes, the BIR had been organized principally by type of tax, with an individual income tax unit, an employment tax unit, an excise tax unit, and so forth.
49% : In doing so, he made peace (implicitly, at least) with the tax regime forged during World War II, including all its key elements: a progressive, high-rate, broad-based individual income tax; a flat-rate, relatively high corporate income tax, albeit one with a large and growing number of relief provisions; and a regressive, very broad, low-rate payroll tax levied to support Social Security.
48% : "There is one school of thought that believes that cutting of excise taxes can have such a great effect in stimulating of business that the revenues will not be hurt as much as we estimate," he told reporters.

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