Explore "Government Ownership of Railroads, and War Taxation" by Otto H. Kahn on Textopian. Read with annotations and highlights.
The characteristic difference between the House Bill and the revenue measures of Great Britain (I am not referring to those of France and Germany, because they are incomparably less drastic than ours or Great Britain's) is, first, that we do not resort to consumption taxes and only to a limited degree to general stamp taxes, and, secondly, that our income tax on small and moderate incomes is far smaller, on large incomes somewhat smaller and on the largest incomes a great deal heavier.
The House rate of taxation on incomes up to, say, $5,000, averages only one-fifth of what it is in England; the House rate of taxation on maximum incomes is approximately fifty per cent. higher than it is in England. Moreover, married men with incomes of less than $2,000 are entirely exempted from taxation in this country. In England all incomes from $650 on are subject to taxation.