Starting a new tax

The market situation with illegal cannabis in some jurisdictions today calls to mind the situation with liquor before the Union started taxing it to help finance the Civil War. Here’s an excerpt from The elements of public finance, the 1899 classic by Winthrop More Daniels.           1862 excerpt

 

It took decades to get the new tax humming.

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Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School.

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