Screen LibraryMaking tax sense : the case for a progressive consumed-income tax /
Our tax system is a mess. And the reason for that mess is, our tax system is incoherent. A well-designed tax system is like a good jigsaw puzzle: all the pieces fit together snugly, so when the whole thing is fully assembled, it forms a coherent picture. But our current tax system is disjointed, wit...
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| Main Authors: | |
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| Published: |
Lexington Books,
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| Publisher Address: | Lanham, Maryland : |
| Publication Dates: | [2019] |
| Literature type: | Book |
| Language: | English |
| Subjects: | |
| Summary: |
Our tax system is a mess. And the reason for that mess is, our tax system is incoherent. A well-designed tax system is like a good jigsaw puzzle: all the pieces fit together snugly, so when the whole thing is fully assembled, it forms a coherent picture. But our current tax system is disjointed, with parts that don't logically fit together. That results in inconsistencies, complexity, loopholes, and distorted incentives. We need a tax system that make sense. As this book shows however, making a traditional income tax coherent is an impossible goal. But coherence is achievable if we adjust ou |
| Carrier Form: | vii, 165 pages : forms ; 24 cm |
| Bibliography: | Includes bibliographical references (pages 153-159) and index. |
| ISBN: |
9781498587174 (hardcover : alkaline paper) : 1498587178 (hardcover : alkaline paper) 9781498587181 (electronic book) 1498587186 (electronic book) |
| Index Number: | HJ4652 |
| CLC: | F817.123.2 |
| Call Number: | F817.123.2/M145-2 |
| Contents: | The problem -- The impossibility of a coherent traditional income tax -- The logic of consumption-timed taxes -- The vat, flat, and all that -- Savings & borrowing under a consumed-income tax -- The tax treatment of owner occupied housing -- Transition issues -- The tax treatment of small businesses -- Inheritances, bequests, and the estate tax -- Insurance -- The corporate income tax -- Tax expenditures -- The Trump tax cut -- Summary: the needed tax changes -- Is reform attainable? -- Conclusion -- Bibliography -- About the author. |