The Rich Don't Pay Tax! ... Or Do They?: Who really pays income tax? Why is this problematic? And how do we deal with it?

The Rich Don't Pay Tax! ... Or Do They?: Who really pays income tax? Why is this problematic? And how do we deal with it?

by John Gaver

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Overview

Do you wonder just how much extra income tax you're paying, because the rich don't pay their share?

You might be surprised.

In the revised and expanded second edition of the well sourced and documented "The Rich Don't Pay Tax ...Or Do They?" John Gaver undertakes a critical look at the latest official IRS collections data to determine which income groups really do or don't pay income tax and what portion of the US personal income tax load is paid by each income group. Then, with that information, he goes on to analyze that IRS tax data, in a way designed to allow you to quantify, based on your own standards, just how fair or unfair that outcome may be to the various income groups. Continuing in a step-by-step manner, John uses those findings to show how the silent threat of an unintended consequence of our tax code is quietly, but seriously undermining our economy, to the detriment of everyone - rich or poor.

Of course, why present a problem without a solution?

So, Gaver shows how a thoroughly vetted plan that has already been presented as a solution to other problems, would also solve the problems brought to light in this book, if undertaken soon. Although this book exposes a critical threat to our economy, it's really about implementing a fair and equitable solution that would reverse this threat.

"The Rich Don't Pay Tax! ...Or Do They?" contains dozens of URLs to sources of hard data and reliable research. John then lays out, in an easy to follow manner, the important relationships that exist in that data. He also clearly explains the calculation methods that are used, to help bring the discussed IRS data into focus.

Nothing is left to chance. When John cites a statistic, he explains clearly why it's important. It's basic economics, but without the academic jargon and double-speak, that economists often use, to sound impressive and to keep the uninformed masses intimidated and confused, so they won't ask questions. In fact, one reviewer of the original version of this book said, "should be required reading in all Economics classes." Another suggested that in an hour, you would learn more economics than in a semester of economics. Another went as far as to say, "This book took me just under an hour to read, and has completely changed my view on taxes." Most reviewers seem to agree with the reviewer who said, "The author didn't use elaborate high brow language ... Points are clear and substantiated well."

In short, it's tax economics for the rest of us. While the silent nature of the very serious issues exposed in this book does tend to keep them out of the public eye, the real threat is in who is aware of these issues and what those people are doing about it.

This book is about what YOU can do about it.

Don't delay. Order your copy now.

Product Details

ISBN-13: 9781666255843
Publisher: Barnes & Noble Press
Publication date: 03/01/2021
Edition description: Revised and Expanded
Pages: 148
Product dimensions: 6.00(w) x 9.00(h) x 0.32(d)

About the Author

After many years as Publisher of the webzine, Action America, John Gaver became known for his ability to cut through complex tax policy and explain it in easy to understand terms. This led to many of his articles on tax policy being featured in several widely distributed financial newsletters and his becoming a featured guest on numerous radio shows, including CNBC's Opening Bell and Israel National Radio's Tamar Yonah Show.

John grew up in Corpus Christi, Texas. After a stint in the Navy, he returned to Corpus Christi and got a degree in electronics. He parlayed that into a career in information technology, where he managed several large IT departments. He went on to run several of his own businesses, including a high-end IT consulting business and an import-export business. In that regard, he traveled widely in the Far East, Europe, and Central and South America. He also lived in London, for a time. He tried to retire at the age of 50, but found himself at loose ends. So he took on a few title research jobs for pipeline companies. This helped him hone the research skills that he would ultimately bring to bear on tax research.

It was during that time that John began to seriously research economic issues, which had long been his passion. He realized that much of the economics jargon, in the articles he read, was intended to keep the ordinary person in the dark about what is really happening with our tax system. So he set about to present his discoveries in a method that anyone from a degreed economist to an ordinary day laborer could understand. His writings tend to cross party lines and address the effects of economic policy on the individual.

Besides his radio appearances, John has spoken before many political organizations and has been a compensated presenter at a major political party convention. Due to his extensive research on the subject, he is also considered by many to be a leading expert on The FAIRtax.

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