How To Abolish The Personal Income Tax
April, 1967
Seventy-six million American taxpayers, with an average income of $3300, pay 53 billion dollars a year in personal income taxes (corporations pay 26 billion dollars)--the biggest tax bite in the history of the world--and this year they are being asked to pay even more. Adjusting the personal income tax is certainly the easiest way to control consumption and thus direct the entire economy. But one of the prevailing political myths is that the personal income tax is the only source of additional F...