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Two-Thirds of Income Escapes Federal Tax System
Washington reports a large erosion of the income tax base as about $189 billion of 1956 income went untaxed while the average rate on total income remained around 10 percent. Exclusions deductions and evasion are detailed with figures from Pechman and others. The piece calls for reforms and stronger enforcement to allow substantial rate cuts.
MENTIONED IN THIS ARTICLE
Washington
U. S
Congress
Joseph A. Pechman
Treasury
Pechman