Why we should abolish the income tax: a guide to the principal proposals

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Cross Cultural Publications, Jan 1, 1995 - Business & Economics - 134 pages
This timely book by a longtime professor of law at Indiana University specializing in tax law, explains much of what is wrong with the present federal income tax system and explores several of the proposed alternatives. In recent years the growth rate of the United States economy has fallen below the historic pattern. Budget deficits, continued growth of the national debt and persistent, huge trade deficits are warning signals. The income tax, which is anti-savings and anti-investment, and which adversely affects our intentional competitiveness, must be abolished. Burdensome government regulations join the income tax as a cause of our problems. Increased economic growth and elimination of the trade deficit will follow abolition of the income tax and a national reduction of burdensome government regulations. Without increased economic growth, other problems, such as the decline in the quality of education and increased crime, will not be solved.

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