Why Americans Voted for an Income Tax — HBS Working Knowledge

Matthew Weinzierl looks at the justifications for the United States income tax and whether it is an unfair burden or fair payment for services rendered.

Source: hbswk.hbs.edu

One of the clearest statements of why Americans in the early twentieth century were willing to tax their incomes came from President Franklin Delano Roosevelt in the 1930s:

 

"With the enactment of the Income Tax Law of 1913, the Federal Government began to apply effectively the widely accepted principle that taxes should be levied in proportion to ability to pay and in proportion to the benefits received. Income was wisely chosen as the measure of benefits and of ability to pay."

See on Scoop.it#Leadership4NewWorld

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