The book Outlines of Public Finance was written by author Hunter, Merlin Harold, 1887-1948 Here you can read free online of Outlines of Public Finance book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Outlines of Public Finance a good or bad book?
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The principal taxes used by the Federal, state, and local governments wiU be treated in detail in some of the succeeding chapters. 91. Definite Tendencies Are Indicated by Fiscal Sys- tems. — In this review of the development of tax systems of different countries certain definite tendencies may be noticed. The most important, perhaps, is that, as the central governments become older, and the pohtical duties and responsibilities become recognized by the citizens, direct taxes can be used to supp...ly an increasing propor- tion of the needs. This is evidenced by the importance of the income tax in the fiscal systems of England and Prus- sia, and its recent adoption in the United States. Another noticeable tendency is to place less reUance upon property as a base for taxes. The European coxm- tries have given it up in large measure, whUe in the Ameri- can states other taxes are being used to supplement it, and in a few cases the revenue from property is left almost entirely for the use of localities.
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