Indiana Law Journal Volume 66 Issue 1 Article 2 Winter 1990 Corporate Regulation and the Origins of the Corporate Income Tax Marjorie E. Kornhauser Cleveland-Marshall College of Law, Cleveland State University Follow this and additional works at: https://www.repository.law.indiana.edu/ilj Part of the Business Organizations Law Commons, and the Tax Law Commons Recommended Citation Kornhauser, Marjorie E. (1990) "Corporate Regulation and the Origins of the Corporate Income Tax," Indiana Law Journal: Vol. 66 : Iss. 1 , Article 2. Available at: https://www.repository.law.indiana.edu/ilj/vol66/iss1/2 This Article is brought to you for free and open access by the Law School Journals at Digital Repository @ Maurer Law. It has been accepted for inclusion in Indiana Law Journal by an authorized editor of Digital Repository @ Maurer Law. For more information, please contact
[email protected]. Corporate Regulation and the Origins of the Corporate Income Taxt MAiuoRm E. KORNHAUSIER* INTRODUCTION Two of the major changes the United States experienced during the Progressive Era were the growth of large corporations and the acceptance of the income tax. This Article examines the intersection of these two changes at a point called the Corporate Excise Tax of 1909.1 The traditional view of this tax holds that the tax was primarily a political stepping stone toward the income tax, born of the struggle between pro and anti-income tax advocates and of the history of tax. It is perceived as a compromise at best, at worst as a barrier to the eventually triumphant income tax reform. This view is not wrong, it is simply incomplete.