A Constructive Criticism of the United States War Tax Bill
The book A Constructive Criticism of the United States War Tax Bill was written by author Edwin Robert Anderson Seligman Here you can read free online of A Constructive Criticism of the United States War Tax Bill book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is A Constructive Criticism of the United States War Tax Bill a good or bad book?
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But what pre-war period should be taken? Should we take an average of the three years before the European war or an average of the three years before our entrance into the war? If the period before our own entrance into the war is selected it will be urged by some that the aver- age obtained is too high and that we have not taken suf- ficient account of the large profits of the last year or two. We must remember, however, that we are only fixing a base, the excess over which is to be taxed. Obv...iously, it fits existing conditions better to fix that base as near as possible to the period the profits of which are to be taxed. If we took the years 1912-13-14, the administrative diffi- culty of assessing plants started since 1914, as well as of measuring the earnings of the then existing plants by the side of the now existing plants, would be much greater IS than if we took the years 1914-15-16. It must not be forgotten that the last three years in this country have been epoch-making, so far as industrial growth is con- cerned.
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