U. S. Income Tax: What It Is, How It Got That Way, and Where We Go From Here

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Overview

To Cheering Crowds, politicians announce plans to dismantle the IRS and replace it with flat taxes and consumption taxes. But if we burn our 1040 forms, will we really be better off? In The U.S. Income Tax, Michael J. Graetz explains the American tax mess (and the cures that are supposed to fix it) and offers some workable proposals.

Trenchant and timely, with colorful examples, the book locates the answers in both the substance of the Internal Revenue Code and the political process that created and feeds this monstrous law. Graetz shows plainly how the income tax is used for political ends; how government has allowed its complexities to grow with no thought of their consequences; and ...

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Overview

To Cheering Crowds, politicians announce plans to dismantle the IRS and replace it with flat taxes and consumption taxes. But if we burn our 1040 forms, will we really be better off? In The U.S. Income Tax, Michael J. Graetz explains the American tax mess (and the cures that are supposed to fix it) and offers some workable proposals.

Trenchant and timely, with colorful examples, the book locates the answers in both the substance of the Internal Revenue Code and the political process that created and feeds this monstrous law. Graetz shows plainly how the income tax is used for political ends; how government has allowed its complexities to grow with no thought of their consequences; and how PAC funds and special interests have affected Congress's will to reform the system. He then looks closely at popular proposals for reform and shows why they are not as fair or as simple as their advocates claim. Pointing the way to tax reforms that really are simple, sensible, and fair, The U.S. Income Tax is a book for everyone concerned with where our tax dollars go and what we get for them.

Editorial Reviews

Booknews
A revision of , 1997. Annotation c. Book News, Inc., Portland, OR (booknews.com)

Product Details

  • ISBN-13: 9780393320022
  • Publisher: Norton, W. W. & Company, Inc.
  • Publication date: 9/28/1999
  • Pages: 352
  • Product dimensions: 5.45 (w) x 8.23 (h) x 0.87 (d)

Table of Contents

1. Introduction 3
Part I The Decline
2. It's a Sin to Get a Mexican Divorce 29
3. Chasing Chinchilla Coats and Other Tax Shelter Aerobics 41
4. Disappearing Dollars 52
5. Dad Is Not at the Dining Room Table Anymore 68
6. Have We Become a Nation of Tax Cheaters? 89
Part II The Sausage Factory
7. A Visit to the Sausage Factory 111
8. Rosie Scenario Becomes the Belle of the Ball 123
9. The Madness of Two Georges 140
10. Sin Looks Pretty Good When the Alternative Is Taxes 149
11. Read My Hips 160
12. Just the Facts, Ma'am 177
Part III The Fall?
13. Taxing What You Spend Instead of What You Make 195
14. The Flat Tax, the "USA" Tax, and Other Uncommon Consumption Taxes 212
15. Back to the Future 244
16. Seeking Protection from the Politicians 277
Afterword 293
Appendix A Tax System for the 21st Century 303
Notes 315
Index 335

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