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Engineers and Engineering Volume 35

Engineers and Engineering Volume 35


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1918 Excerpt: ... the whole matter has succeeded so well in establishing a graded tax that does not impose greater relative injustices than it actually does. But now, for the exposure of the relative injustices as they incontrovertibly exist, which is made only in the spirit of constructive criticism, and with the understanding that I have no knowledge on which to base any criticism for or against the absolute justice of a graded income tax. What is intended is to point out a systematic and scientific way of ironing out the kinks in the present law, which is also the intent of the amendment to the present law proposed some months ago by Senator Smoot, of the Senate Finance Committee, to which comparative reference will be made later. In Table II are relisted the incomes and their corresponding tax amounts of the present law as they respectively appear in columns A and C of Table I, and also the corresponding tax amounts as figured by the formula already referred to as representing the law with a remarkable degree of approximation, and in addition hereto the particular incomes at which the law and the formula give identical tax amounts. This comparison of the law with the formula is also shown graphically in diagrams No. 1 and No. 2, in which the full-line curve represents the formula and the dotted line the law. Diagram No. 1 is on a larger scale than (0000 20000 80 100000 INCOME-C. isoooo 140 DM 130 000 120000 110 000 100000 'g 10000 BO 000 70000 50 000 40000 30000 20000 loooo. - C-IOOflO 200 000 250 00 300,000 350 000 400,000 DIAGRAM II. COMPARISON OP THE LAW AS REPRESENTED BY THE DOTTED BROKEN LINE, WITH ITS APPROXIMATION FORMULA (I) AS REPRESENTED BY THE FULL-LINE CURVE. SEE TABLE II, No. 2 and clearly shows how both lines start from an income of $2000 with no tax, ...


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Product Details
  • ISBN-13: 9781231120064
  • Publisher: Rarebooksclub.com
  • Publisher Imprint: Rarebooksclub.com
  • Height: 246 mm
  • No of Pages: 378
  • Spine Width: 20 mm
  • Width: 189 mm
  • ISBN-10: 1231120061
  • Publisher Date: 01 May 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 671 gr


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