The rich, the poor, and the taxes they pay -- Who paid the taxes, 1966-85 -- The personal income tax -- Comprehensive income tax reform -- Erosion of the individual income tax -- The comprehensive income tax concept -- Tax reform in the United States -- The family -- Capital gains and losses --...

In theoretical and practical discussion of the income tax treatment of personal expenditures, interest cost on consumer debt has been a persistent subject of misunderstanding. This article shows the source of the misunderstanding to be twofold: an erroneous theoretical conclusion that deduction...