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I'm not convinced that the US income tax is really designed at all. I think it mostly just grew out of what was politically feasible.
by harryh 12y ago
I'm not convinced that the US income tax is really designed at all. I think it mostly just grew out of what was politically feasible.
- rayiner 12y agoTaxing income as opposed to something else was the result of political feasibility, and of course most of the additions to the basic framework don't really have a good rationale. But there is a framework there that has some internal logic to it: https://archive.org/stream/cu31924020062935#page/n7/mode/2up https://archive.org/stream/cu31924020062935#page/n7/mode/2up.