Book Description

Excerpt from Henderson's War Tax Guide, Act of October 3, 1917: With Notes and Commentaries This book covers the War Tax Act of October 3, 1917, annotated with those sections of the Income Tax Act of September 8, 1916, which are referred to, amended or repealed thereby. Following the statute are all of the Treasury decisions, opinions, and court decisions, in alphabeticalorder, pertaining to the Act of 1917, which have been rendered since the publication of the author's previous work on this subject, "Federal Legislation" January 1, 1915. The Federal Government obtains revenue from the tariff, excise, income, profits and inheritance taxes. Due to economical changes, the amount obtainable from internal revenue is not adequate to support the Government. In view of our foreign relations the tariff on imports is impractical. Hence the necessary funds to defray the expenses of the Government must be derived almost exclusively from tax on income, profits and estates. In the past, the interpretation of these laws has been delegated to the Commissioner of Internal Revenue. A "Federal Tax Commission" should be created immediately in order to assist in the proper administration of the Federal Tax Laws. The time has now arrived when the tax payer is entitled to have a hearing before a competent tribunal on the difficult questions arising daily under these laws. Arbitrary ruling and judicial legislation by administrative officials is contrary to the fundamental principles from which the nation derives the right to tax the people. 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.