The Federal Graduated Income Tax a Debate the Constructive And Rebuttal Speech
The Federal Graduated Income Tax a Debate the Constructive And Rebuttal Speech
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Roosevelt, Congress, the experience of nations, nor the ingenuity of our honorable opponents has furnished any scheme which would mean the successful operation of a graduated Federal Income Tax. There are just two methods of collecting income taxes. The first is that of self-assessment; that is, taxing a man upon the in- come which he tells the assessor he has to be taxed. The assessor says to a man : "How much income have you ?" And in the next breath he says, "Be careful what you say, because... I'm going to tax you on the amount you say you have. " This is technically called, lump-sum self -assessment. It is the same system employed by the States in personal property taxation with no- torious ill-success.
The other system is that of stoppage or collection at the source. This means simply that income is taxed wherever it can be caught rent in the hands of the tenant, wages in the hands of the employer, dividends in the hands of the corporation ; in other words, at the source of the income.
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To quickly assess the difficulty of the text, read a short excerpt:
Roosevelt, Congress, the experience of nations, nor the ingenuity of our honorable opponents has furnished any scheme which would mean the successful operation of a graduated Federal Income Tax. There are just two methods of collecting income taxes. The first is that of self-assessment; that is, taxing a man upon the in- come which he tells the assessor he has to be taxed. The assessor says to a man : "How much income have you ?" And in the next breath he says, "Be careful what you say, because... I'm going to tax you on the amount you say you have. " This is technically called, lump-sum self -assessment. It is the same system employed by the States in personal property taxation with no- torious ill-success.
The other system is that of stoppage or collection at the source. This means simply that income is taxed wherever it can be caught rent in the hands of the tenant, wages in the hands of the employer, dividends in the hands of the corporation ; in other words, at the source of the income.
What to read after The Federal Graduated Income Tax a Debate the Constructive And Rebuttal Speech?
You can find similar books in the "Read Also" column, or choose other free books by Central Debating League to read onlineMoreLess
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