The Rich Don't Pay Tax! ...Or Do They?: Who really pays income tax? Why is this problematic? And how do we deal with it?
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The Rich Don't Pay Tax! ...Or Do They?: Who really pays income tax? Why is this problematic? And how do we deal with it?
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Do the rich really get away with paying less taxes than the rest of us?
And should you care?
You might be surprised at the answer to both of those questions.
In the well sourced and documented "The Rich Don't Pay Tax ...Or Do They?" John Gaver undertakes a critical look at official IRS collections data to determine which income groups really pay what portion of the US personal income tax load. (Hint: The rich pay far more than their share.) Gaver's analysis of the IRS tax data is thorough and yet easy to understand.
Furthermore, "The Rich Don't Pay Tax! ...Or Do They?" contains URLs to the source data, so you can do your own analysis. The book lays out the relationships in that data, along with clearly laying out the calculation methods that help bring the IRS data into focus.
Then, in a step-by-step manner, Gaver shows how the silent threat of an unintended consequence of the government's attempt to "Soak the Rich" is quietly, but seriously undermining our economy, to the detriment of everyone - rich or poor. This is why it's important to you.
Of course, why present a problem without a solution? So, the author shows how a thoroughly vetted plan that is already a bill in Congress (The FairTax) would also solve the problems brought to light in this book, if undertaken soon. Although this book exposes a critical threat to our economy, it's really about a fair and equitable solution that would reverse this threat.
While the silent nature of the very serious issues exposed in this book does keep them out of the public eye, the real threat is in who exactly is aware of these issues and what they are doing about it.