Download or read book Selected Articles on Current Problems in Taxation (Classic Reprint) written by Lamar Taney Beman and published by . This book was released on 2015-06-28 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Selected Articles on Current Problems in Taxation The tremendous burden of war debt that is now borne by our federal government, the interest on which must be met annually and the principal of which must be slowly paid off, makes the subject of taxation an important, even if an unpleasant, issue in our national affairs. In state and local matters taxation is also made an important question by the ever increasing demand for additional funds and by the loss of the revenue formerly obtained from the taxes on the liquor traffic. The pressing need of the states, and more particularly of the cities and other local governments, for increased revenue has been constantly growing mare acute because modern progress demands of these governmental agencies more and better service. Amazing and disheartening, under these conditions, are the evidences of misunderstanding of so vital public issues as the different phases of the taxation problem. One prominent business man testified before the Ways and Means Committee that he did not think that there was any such thing as a science of taxation! On another occasion a business man of prominence declared in a public address that all taxes are consumption taxes! In many pamphlets that have been widely distributed careful arguments are given to show that a certain proposed lax will be so "painless" that nobody will really notice it, but that it will yield between $3,000,000,000 and $5,000,000,000 of revenue each year; $150 a year from the average family and nobody notice it! We read in another pamphlet that a certain tax is so popular in the Philippines that "a revolution would occur if any attempt were made to repeal it!" A printed report by a state tax commission quotes at some length from Henry C. Adams's Public Finance and says that it is giving the words of Professor Thomas S. Adams of Yale. A report on federal taxation by a special committee of a great national organization of business men gives the "Four maxims of Adam Smith" but entirely omits the first and chief of his maxims. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.