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The Decline (and Fall?) of the Income Tax
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The Decline (and Fall?) of the Income Tax, Micheal Graetz. New York: W.W. Norton, 1997. Pp. 323. $27.50.
William G. Gale^
Introduction
Although tax policy debates are a never-ending source of amusement and frustration, recent years have witnessed a shift in the tenor of su
ch discussions. In particular, serious consideration is now given to proposals that would not just modify the existing tax system, but rather completely replace major components of the federal tax system with new consumption-based taxes.1 Most such proposals would eliminate federal individual and corporate income taxes ...
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