Federal Tax Policy

U S A: The Brookings Institution. Paperback. Very slight shelf wear to top edge of cover. This is a concise, nontechnical book for general reads and students interested in taxation as an instrumnent of public policy. Thoroughly revised and updated, this edition of a widely acclaimed classic reflects the major changes in the tax laws since 1976 and emphasizes current issues: tax limitations by state governments, inflation and adjustments in income taxation, comprehensive income taxation, graduated income taxes verses expenditure taxes, the effects of taxation on economic incentives, and changes in the fiscal relations between the federal and the state and local govements. The authir presents and evaluates contrasting views on most forms of taxation: personal and corporation income, general and selective consumption, payroll, estate and gift, property, and state and loval. he also provides a useful analysis of the process of tax legislation and the role of taxation in fiscal policy. This book is the eighteenth publication in the second series of Brookings Studies of Government Finance. 410 pp. (We carry a wide selection of titles in The Arts, Theology, History, Politics, Social and Physical Sciences. academic and scholarly books and Modern First Editions ,and all types of Academic Literature.) . Very Good. Soft cover. 4th Edition. 1983.