The book Frenzied Liberty : the Myth of "a Rich Man's War" was written by author Kahn Otto Hermann Here you can read free online of Frenzied Liberty : the Myth of "a Rich Man's War" book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Frenzied Liberty : the Myth of "a Rich Man's War" a good or bad book?
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3. It is true, on the other hand, that on very large incomes as distinguished from the largest incomes, our income tax is somewhat lower than the English tax, but the difference by which our tax is lower than the English tax is incompar- ably more pronounced in the case of small and moderate incomes than of large incomes. Moreover, if we add to —29— The Myth of ''A Rich Man's War'' our income tax our so-called excess profit tax, which is merely an additional income tax on earnings derived from ...business, we shall find that the total tax to which rich men are subject is in the great majority of cases heavier here than in England or anywhere else. 4. It is likewise true that the English war excess profit tax is 80% (less various offsets and allowances) whilst our so- called excess profit tax ranges from 20% to 60%. But it is entirely misleading to base a conclusion as to the relative heaviness of the American and British tax merely on a comparison of the rates, because the English tax is assessed on a wholly dif- ferent basis from the American tax.
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