Q&A: How FDR Built Today’s Tax Systemtags: WSJ, FDR, taxes, income tax, Joseph Thorndike
A new book, Their Fair Share: Taxing the Rich in the Age of FDR, explores how the modern progressive income tax emerged from the Great Depression and World War II. Washington Wire posed a few questions to its author, historian Joseph Thorndike, who is director of the Tax History Project at Tax Analysts, a visiting scholar at the University of Virginia, and a fellow of the George W. Bush Institute.
What gave you the idea for this book?
It’s hard to work in Washington without developing a more-or-less permanent sense of déjà vu. That’s especially true when it comes to tax policy, where so many of today’s arguments are just retreads of yesterday’s. I wanted to search out some of these earlier debates, since I think they have a lot to tell us.
But why the Roosevelt years?
The tax system we have today is basically the same one FDR built during the 1930s and 1940s. He had a lot of help, of course, especially from Congress. But FDR’s decisions – and his ideas about fairness – are very much with us today....
comments powered by Disqus
- King Tut had overbite, club foot because his parents were brother and sister
- Prehistoric humans were far smarter than previously assumed
- Priests race to save manuscripts from jihadists in Iraq
- Where Mud Is Archaeological Gold, Russian History Grew on Trees
- Conflict Uncovers a Ukrainian Identity Crisis Over Deep Russian Roots
- Highlights of the recent Oral History Association Meeting
- Rick Perlstein response to Sam Tanenhaus's complaint that he's an aggregator
- Thai historian faces charges for daring to challenge a story about a royal king
- It's Rick Perlstein vs. Judith Stein in a Three Round Fight
- Park Honan, a Biographer of Authors, Is Dead at 86