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Review forthe permanent tax revolt - Book Report/Review Example

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Regardless of the centrality and significance of tax models in contemporary developed societies, financial sociology is still an unexplored field of research. Modern economic sociologists have a tendency of undermining this topic, choosing instead to concentrate their efforts in…
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Book review forthe permanent tax revolt
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Review forthe permanent tax revolt

Download file to see previous pages... However, Isaac William Martin is one author, who distinguishes himself from other economic sociologists, as is evident from his book The Permanent Tax Revolt. The author provides insight into the political and sociological implications of taxation, by exploring the campaign against taxes in the later part of the 20th century. This paper explores Martin’s different ideas on the link between taxation, politics and other sociology aspects, in addition to lessons he has for modern day administrations and society as a whole.
In order to comprehend some of Martin’s conceptions about taxation and other regulatory mechanisms, it is imperative to take some facts into account. One of these facts is that tax cuts make up such an invasive aspect of the political landscape in America, that political administrations rarely question them. For example since the year 2001 American Congress has approved the abolition of tax imposed on wealth inherited by individuals. Congress has also passed major tax cuts on income each year. This has seen some of the most significant tax cuts in the country’s history. The income tax cuts have all been approved by Congress at a time when America has been engaged in a prolonged war and extensive budget deficits. This shows that there are dynamic social forces behind tax variations. Such tendencies in taxation dynamics also imply that the crucial need for government revenue may sometimes be overlooked, for the interest of the people or due to the pressure they impose on government. This may occur irrespective of the potential detrimental effects on both the public and government.
In the book The Permanent Tax Revolt, Isaac Martin explores the potential commencement of the anti-tax crusade. The author traces this agitation for tax cuts to the influence of the working class in the 1970s, as conventional homeowners throughout America joined forces to rebel against local property tax. Martin puts forth a thought provoking suggestion, ...Download file to see next pagesRead More
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