If Americans really understood the income tax : uncovering our most expensive ignorance

Author / Creator

Fox, John O

Available as

Physical

Summary

Stressing the narrowness of the U.S. tax base, the author argues that conservatives and liberals could agree on a more equitable tax code if it included more income and then taxed it at lower, mode...

Stressing the narrowness of the U.S. tax base, the author argues that conservatives and liberals could agree on a more equitable tax code if it included more income and then taxed it at lower, moderately progressive rates. The book explores the values reflected in tax law, examines the effectiveness of tax incentives, analyzes specific exclusions (home mortgage interest, pension plans, and capital gains), and compares income tax with a "flat tax," closing with conclusions and reform recommendations.

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