Taxpayers and Tax Spenders: Does a Zero Tax Price Matter?
By Jody W. Lipford
This article appeared in the Spring 2012 issue of The Independent Review
James Madison and John Calhoun were right to worry that the wrong fiscal regime would spell the demise of limited government. The enactment of the federal income tax eroded a traditional constraint on government spending and set the stage for the redistribution of wealth from taxpayers to tax consumers.