Taxation Transformation in America

This chapter explores the evolution of tax policies in the United States from the early 20th century to post-World War II, emphasizing the contrast between elite-friendly tax loopholes and more equitable taxation reforms under Franklin Delano Roosevelt. It examines the pivotal changes brought by the Revenue Act of 1942 that expanded the taxpayer base dramatically and cultivated a sense of civic duty towards tax compliance during wartime. Additionally, the chapter discusses the implications of modern wealth accumulation and difficulties in taxing the affluent, drawing parallels to historical challenges of wealth distribution and rising inequality.