My new book, Their Fair Share: Taxing the Rich in the Age of FDR, is now available from Amazon.com. Just in time for the 100th anniversary of the income tax.
Their Fair Share tells the story of New Deal taxation and explains why it matters today. What did Franklin Roosevelt know about progressive taxation that modern politicians don’t? Quite a bit, it turns out. FDR understood that fairness matters; efficiency is not the only measure of a “good” tax. The modern income tax is a product of this insight. Often frustrating and certainly imperfect, it still reflects popular notions of what’s fair — and what’s not.