The major sources of federal tax revenue are individual income taxes, Social Security and other payroll taxes, corporate income taxes, excise taxes, and estate and gift taxes. This report describes the federal tax structure, provides some statistics on the tax system as a whole, and presents analysis of selected tax
A report examined factual and legal issues pertaining to proposed deficiencies in the personal casualty and theft loss deduction provision of the federal income tax laws. The public policy considerations underlying original enactment of the provision in 1867 are not specifically stated. However, it may be inferred from the President's