All Americans should read this eye opening account of Federal Governments insatiable appetite for imposing unnecessary tax burdens that seldom does not even solve the problem, but then hurts many to benefit a few. The tax code is riddled with help for some people but usually creates behavioral changes that defeat it's intended purposes. Most important to me is how much of our liberties and privacy is sacrificed while the government invades everything we do and own. A simple flat tax would be far more fair and does not require the invasion of our lives and property.
All freedom loving Americans will be angry as they read this and demand changes!
I did accounting for many ,years and I still remember my old tax accounting professor telling me taxes are just to collect revenue they do NOT have to make sense - only collect revenue and encourage or discourage certain activties now, in america, we have a most people try to figure out what the confusing tax code means and try to pay what the owe while others simple try to avoid paying taxes either by fraud or just not reporting enough to reduce their tax bill.
The history of U.S taxation is not well-known by most Americans, yet taxation affects all of us and plays heavily into current political debates. Simplistic notions of "kill the beast" (lower taxes) or "soak the rich" (raise taxes) do not do justice to the complexity of our tax code. In this magnificently written (I could hardly put it down) history, Amity Schlaes expertly tells the fascinating story of U.S. taxes, and lays out a sensible plan for keeping the government going while helping us all to escape the clutches of Thomas Paine's "Greedy Hand." I highly recommend this book for all those who care about our country, and especially those of us who are tired of the polarizing politics of political grandstanding and demagoguery. A great book!
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