A lively history of the American income tax system and the recent revulsion it has spurred in the American public reveals how the tax evolved, how it became a political tool, what the alternatives are, and who most benefits from the current system. Reprint.
Michael J. Graetz is Isidor and Seville Sulzbacher Professor of Law and Columbia Alumni Professor of Tax Law at Columbia University and Professor of Law, Emeritus, at Yale Law School.