Details
Synopsis
The author, an investigative reporter for the New York Times, discusses America's tax codes and their changes in recent years, which favor the rich and belabor the middle class and the poor. He exposes weaknesses in the IRS, and disseminates "middle class tax cuts"--what they actually mean and who they benefit, and how some corporations are able to avoid paying any income tax whatsoever. Also discussed are changes to the tax code that have allowed fallen CEOs to leave their companies with millions, while workers are being cheated out of their own retirement plans.
| Size | | Length: | 320 pages | | Height: | 9.0 in | | Width: | 6.3 in | | Thickness: | 1.0 in | | Weight: | 21.6 oz |
Publisher's Notes
First Line: "In 1977, the richest 1 percent of Americans had as much to spend after taxes as the bottom 49 million. Just 22 years later, in 1999, the richest 1 percent-about 2.7 million people-had as much as the bottom 100 million Americans. Few figures derived from the official government data on incomes present more starkly the growing chasm between the rising incomes at the top and the falling incomes at the bottom."
Industry Reviews
"[An] important book....Perhaps daunted by [his] deep knowledge of how the cheats work, Johnston is cautious."
New York Times Book Review - James K. Galbraith (02/01/2004)
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