Federal Non-Income Taxes: An Examination of Selected Revenue Sources
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Research Publication No. 1
Despite the Revenue Acts of 1962 and 1964, we are far from the goal of an equitable tax system that will provide adequate revenue and offer the least possible impediment to efficient operation of the economy at a high rate of investment and growth.
The immediate tax problem before Congress is to decide on changes in the excise tax structure. For the long run, basic questions regarding the degree of reliance on income taxes and the role of non-income taxes in the Federal system will remain after any action this year on excises.
This study examines various possibilities for use of non-income revenue sources. What taxes might be substituted, in whole or in part, for existing levies? What has been the experience in other countries with important kinds of taxes not now used by the Federal government in the United States? What are the effects of such taxes? How much revenue might they yield?
As part of the background for such an analysis, this study includes a history of Federal excises and examines the role of excises in the Federal tax system. Elizabeth Deran, Senior Research Analyst, had primary responsibility for the research and drafting of the portions of this study dealing with alternative taxes. George Bishop, Director, Federal Affairs Research, had primary responsibility for the research and drafting of Section III dealing with the present excise tax system.
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