FAIR NOT FLAT by Edward J. McCaffery ( 9780226555607 ) - Books & Audio Books at Pickabook.co.uk

Item Details

Title:

FAIR NOT FLAT
HOW TO MAKE THE TAX SYSTEM BETTER AND SIMPLER

By:

Format:

Hardback

List price:	£24.50
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ISBN 10:

0226555607

ISBN 13:

9780226555607

Publisher:

THE UNIVERSITY OF CHICAGO PRESS

Pub. date:

27 February, 2002

Pages:

192

Description:

This volume proposes a straightforward and fair alternative to the current tax system in the United States. McCaffrey's 'Fair not flat' tax describes a system that is simpler, more efficient and more reflective of contemporary social values.

Synopsis:

Everyone knows that the current tax system is unfair. Some of the richest people in America pay no tax, while a huge share of the tax burden falls on the rest of us. A mere glance at the tax code confirms that it is far too complex, with volumes of rules that no ordinary person could possibly comprehend. What is to be done? Some conservatives have called for a so-called flat tax. But a flat tax is not necessarily a simple tax, and "flat" means "more" for most taxpayers: a rise in middle-class taxes to finance tax cuts for the rich. Is there another choice? In clear, easy-to-understand language, Edward J. McCaffery proposes a straightforward and fair alternative. A "fair not flat" tax that is consistent and progressive would tax spending, not income and savings. And if it were collected at its lower levels through a national sales tax, most people would not have to file a return. A supplemental tax on spending for the wealthiest individuals would make the national sales tax progressive. Under McCaffery's system, a family of four would pay no tax on their first $20,000 spending, and 15 percent on the next $60,000.Only the few families who spend more than $80,000 a year would be subject to the supplemental tax, while necessities would be taxed less than ordinary and luxury items. No one would be taxed directly on savings, the estate and gift or so-called death tax would be abolished, and perhaps best of all, most Americans would not have to fill out tax returns. Simpler, more efficient, fairer and more reflective of America's current social values, McCaffery's "fair not flat" tax could help us get out of the tax mess that politicians and special interests have gotten us into, improving the whole country in the process. Read "Fair Not Flat" to find out how.

Illustrations:

2 line drawings, 11 tables

Publication:

Imprint:

University of Chicago Press

Returns:

Non-returnable

Some other items by this author:

FAIR NOT FLAT (PB)

RETHINKING THE VOTE (PB)

TAXING WOMEN (HB)

TAXING WOMEN (PB)