Taxes have consequences : an income tax history of the United States / Arthur B. Laffer, Ph.D., Brian Domitrovic, Ph.D., and Jeanne Cairns Sinquefield, Ph.D.
| Author/creator | Laffer, Arthur B. author. |
| Other author | Domitrovic, Brian, author. |
| Other author | Sinquefield, Jeanne Cairns, author. |
| Other author | Trump, Donald, 1946- writer of foreword. |
| Format | Electronic |
| Publication | New York : Post Hill Press, [2022] |
| Copyright Date | ©2022 |
| Description | 1 online resource (xxv, 413 pages) : charts |
| Supplemental Content | Ebook Central |
| Subjects |
| Contents | Foreword / Donald Trump -- Whatever -- Income tax avoidance : the income of the rich is not what it seems -- Beyond Piketty : the Laffer curve is alive and well -- Tax cuts of the roaring 1920s -- The Smoot-Hawley tariff, the revenue act of 1932, and crush of the Great Depression -- Tax rates and the persistence of the Great Depression -- Unindicted coconspirators : states and localities during the Great Depression -- World War II and the economy -- Government retreat and the emergence of post-World War II prosperity -- High tax rates and the sluggish 1950s -- The growth takeoff of the 1960s -- The states after World War II -- Taxes and stagflation -- The great boom, 1982-2000 -- Sluggishness in the 2000s -- The Trump tax cuts and economic resurgence into 2020. |
| Abstract | "The definitive history of the effect of the income tax on the economy.Ever since 1913, when the United States first imposed the income tax via constitutional amendment, the top rate of that tax has determined the fate of the American economy. When the top rate has been high, as in the late 1910s, the 1930s, 1940s, 1950s, and 1970s, the response of those with money and capital has been to curtail real economic activity in favor of protecting assets and income streams. Huge declines have come to the economy in these circumstances. The most brutal example was the Great Depression itself. When the top tax rate has been cut and held at reduced levels--as in the 1920s, the 1960s, in the long boom of the 1980s and 1990s, and briefly in the late 2010s--astonishing reversals have occurred. The rich have brought their money out of hiding and put it to work in the economy. The huge swings in the American economy since 1913 have had an inverse relationship to income tax rates."--EBSCOhost e-book landing page. |
| Bibliography note | Includes bibliographical references. |
| Source of description | Description based on online resource; title from online title page (EBSCOhost, viewed September 29, 2022). |
| Issued in other form | Print version: Laffer, Arthur B. Taxes have consequences. New York : Post Hill Press, [2022] 9781637585641 |
| Genre/form | History. |
| ISBN | 1637585659 |
| ISBN | 9781637585658 (electronic bk.) |
| Stock number | 02AF2708-CC5D-4AED-B7B3-57E84B362C70 OverDrive, Inc. http://www.overdrive.com |
Availability
| Library | Location | Call Number | Status | Item Actions |
|---|---|---|---|---|
| Electronic Resources | Access Content Online | ✔ Available |