An Optional Simplified Income Tax?
|dc.description.abstract||Asserting that a study of high-income individual income tax returns proves that "some taxpayers do not pay nearly enough; others pay too much," and urging that " [i] t is time we began to reduce the premium enjoyed by the taxpayer who has tax lawyers and accountants to show him ways to avoid paying taxes to his federal government," Senator Russell B. Long proposed an optional "Simplified Tax Method" in October of 1963 as an amendment to the administration's pending revenue bill (H.R. 8363, which became the Revenue Act of 1964). Modified and elaborated in the light of Treasury studies, the proposal was introduced again by Senator Long in 1964 "so that it may be studied fully" by Congress, the Treasury, and the public.1 No action has been taken on the bill as yet, but Senator Long announced that he would "seek action on it" during the 89th Congress.|
|dc.title||An Optional Simplified Income Tax?|
|dc.source.journaltitle||Faculty Scholarship Series|