How America was tricked on tax policy : secrets and undisclosed practices / Bret Bogenschneider.

Format:

Book

Author/Creator:

Bogenschneider, Bret N., author.

Language:

English

Subjects (All):

Fiscal policy--United States.

Fiscal policy.

Physical Description:

1 online resource (v, 172 pages)

Edition:

1st ed.

Place of Publication:

London ; New York, New York : Anthem Press, [2020]

Summary:

How America was Tricked on Tax Policy explains how regular citizens were "tricked" by the outdated view of economists that much heavier taxation of labor rather than capital is economically justifiable. The truth is that workers pay their taxes while the rich pay very little. Based on reputable sources of information, including publications of the Organization for Economic Cooperation and Development (OECD), official statistics data, and the publications in high-ranked journals, the book paves the way for a new policy-making process aimed to achieve more sustainable taxation and to increase the wellbeing of citizens as the main goal of any modern state policy. The book compellingly argues how tax policy could be improved by incorporating science and scientific methods.

Contents:

Cover

Front Matter

Half-title

Title page

Copyright information

Table of Contents

Chapters Int-Con

Introduction:The Classic Deceptions in Tax Policy

The Classic Deceptions

Deception #1. Tax cuts for the wealthy will cause economic growth

Deception #2. Large corporations are experiencing a cash shortfall that can be alleviated by cutting their taxes

Deception #3. Capital is like a delicate hummingbird: It is mobile and will leave if subjected to tax

Deception #4. By inventing a special way to count taxes, we conclude the wealthy pay significant amounts of tax (e.g., the top

Deception #5. Statutory tax rates, not effective tax rates, are what's important to tax policy

Deception #6. High business tax rates reduce economic growth by reducing the economic return on investment

Deception #7. The working poor don't pay taxes because income tax rates are progressive

Deception #8. There are no social costs to high taxes on workers

Deception #9. Workers and poor people are cognitively inferior to the wealthy and unable to make rational economic decisions

Deception #10. Tax cuts for large corporations are the only viable tax policy option and never tax cuts for small business

Deception #11. Tax cuts for large corporations will reduce prices on consumer products

The Taxation of Workers

Notes

Chapter 1 Tax Policy in the Oval Office

Economic Models in the Presidential Brief

Tax Content in the Presidential Brief

Ideology in the Presidential Brief

Plausibility of the Presidential Brief

Why Tax Policy is the way it is

Chapter 2 The Abandonment of Scientific Methods in Tax Research

Conclusion on the Epistemology of Taxation

Chapter 3 How the Business Tax System Favors Large Corporations Over Small Businesses.

Congressional Budget Office Scoring of Tax Reform Proposals

On the So-Called Double Taxation of Large Corporations

Illustration of the Double Taxation of Small Business Owners and Sole Proprietors

Small Businesses Versus Large Corporations

Corporate Inversions: Are Companies Really Leaving the United States?

Technical Explanation of the International Tax System as Applicable to Multinational Firms

Transfer Pricing

Tax Incentives for Small Business in the Tax Cuts and Jobs Act of 2017

The Lack of Small Business Tax Neutrality

Enforcement of Corporate Tax Laws

The Lack of Enforcement of Accumulated Earnings Tax

The deception of "corporate tax competition"

Chapter 4 The Limits of Moral Philosophy in Formulating Tax Policy

The Role of Accounting Methods in Moral Philosophy and Taxation

Illustration of the Invention of a New Method of Accounting to Reach a Bizarre Result: The CBO's Calculation of Effective Tax Rates

Illustration of a Hidden Issue of Tax Fairness Revealed by Accounting Methods

Automatic deferral of taxation on capital appreciation

Restatement of Enlightenment-Era Thought on Taxation Via Accounting Methods

Deferral of Taxation

Property Rights as Accruals

Productive Work in Libertarianism

Libertarianism and Accounting Methods

Libertarianism and liberalism

Libertarianism Versus Economics

Libertarianism Versus Marxist Economics

Redistributive Taxation and Libertarianism

Libertarianism Versus Contemporary Libertarianism

Each as His or Her Own Sovereign

All Taxes are Equally Evil

Utilitarianism

Conclusion: The Missing Philosophical Inquiry on the Fairness of High Tax Rates on Productive Work

Chapter 5 Wage Taxes do have Social Costs

Who Really Funds the Welfare State?

Accounting for Federal Tax Remittances.

Public Health and Wage Taxation

Investment in Children and Wage Taxation

Obesity and Wage Taxation

Small Business and Wage Taxation

Social Costs of Automation and Robot Workers

How Piketty Vastly Understated Inequality in the United States

Explanation of the Term: Taxable Income

Progressive or Regressive Tax System

Effective Tax Rates of Individuals by Income Quintile (2012)

Conclusion: Postmodern Tax Policy, or Why the "Little People" Matter to Tax Policy

Why Changing the Tax Laws Will not Solve the Problem

Postmodern Tax Policy

Why the "Little People" Matter to Tax Policy

End Matter

Index.

Notes:

Description based on print version record.

Description based on publisher supplied metadata and other sources.

ISBN:

1-78527-429-5

1-78527-428-7

OCLC:

1163632459