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Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--And Cheat E Verybody Else

Condition: BRAND NEW
ISBN: 9781591840695
Author(s): David Cay Johnston
Format: Paperback
Year: 2005
Publisher: Portfolio
Dimensions: 141 x 215 x 20 (w x l x h)
Pages: 352

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Description:
Now updated with a new prologue

Since the mid-1970s, there has been a dramatic shift in America's socioeconomic system, one that has gone virtually unnoticed by the general public. Tax policies and their enforcement have become a disaster, and thanks to discreet lobbying by a segment of the top 1 percent, Washington is reluctant or unable to fix them. The corporate income tax, the estate tax, and the gift tax have been largely ignored by the media. But the cumulative results are remarkable: today someone who earns a yearly salary of $60,000 pays a larger percentage of his income in taxes than the four hundred richest Americans.

Pulitzer Prize-winning investigative reporter David Cay Johnston exposes exactly how the middle class is being squeezed to create a widening wealth gap that threatens the stability of the country. By relating the compelling tales of real people across all areas of society, he reveals the truth behind: "middle class" tax cuts and exactly whom they benefithow workers are being cheated out of their retirement plans while disgraced CEOs walk away with millionshow some corporations avoid paying any federal income taxhow a law meant to prevent cheating by the top 2 percent of Americans no longer affects most of them, but has morphed into a stealth tax on single mothers making just $28,000why the working poor are seven times Please click here to ask a question
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