The fiscal problem in Missouri

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Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter III. The Missouri tax system

Collection:: Economics Books

CHAPTER III THE MISSOURI TAX SYSTEM * HE term “tax system” is a misnomer when applied to 1 the aggregate of sources from which the tax revenues of a state such as Missouri are derived. The word sys- tem implies that the total taxes collected are obtained from such sources and in such a manner that approximate equality of burden is maintained, and also that there is a definite co- ordination of the various sources of tax revenues, with the net result that no particular group of taxpayers can have occasion to complain because of any unreasonable discrimi- nation. If such a result could be achieved at any given time, it is doubtful that it could long be maintained, for, with the constantly changing economic conditions of the different groups of taxpayers, the maintenance of even approximate equality represents a most difficult task. While it might be desirable to restrict the use of tax system to those cases in which the highest possible degree of equity had been attained through proper co-ordination of the several tax sources, such restriction would deprive us of a convenient collective term. For this reason tax system is used in this study to designate briefly the aggregate of the several taxes used by a governmental unit. Before considering the several taxes that comprise the Missouri tax system it is important to examine the con- stitutional provisions concerning taxation. A proper under- standing of the tax system in its present form is not possible without appreciation of the fact that there are certain pro- visions in the fundamental law which impose conditions that must be observed in formulating changes in the revenue system of the state. While it is possible to amend the con- stitutional provisions, it is nevertheless true that these re- strictions influence fundamentally the trend of develop- ment of the tax system.

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