Synopses & Reviews
Synopsis
Excerpt from Bender's Federal Revenue Law, 1916: The Revenue Act of September 8, 1916 With Notes and Commentaries; Also, Federal Taxation in General
The Union may tax almost anything it pleases, quite as much as it pleases. Expediency is practically the only test. (1869) Veazie Bank v. Fenno, 8 Wall. 533, and other cases, post. Reduction of taxation is less easy than increase. Habits of extravagance are hard to break. The sweep of progress in a land of rich resources cannot readily be stayed. The mechanism of taxation will increasingly be used to effect purposes hardly, or but indirectly, related to revenue. Nor is this mere demagoguery. Eminent economists have followers among influential statesmen in justifying such collateral uses of the taxing power. Whichever political party controls, we are going to have and keep Federal taxes such as former generations have not known; and the enactment of the revenue legislation of 1916 affords a fitting occasion for reviewing the whole subject of Federal taxation.
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