The Politics of Loopholes: The Improbable Prospects for U.S. Tax Reform

The Improbable Prospects for U.S. Tax Reform

Business & Finance, Accounting, Taxation, Finance & Investing, Nonfiction, Social & Cultural Studies, Political Science, Government
Cover of the book The Politics of Loopholes: The Improbable Prospects for U.S. Tax Reform by John F. Witte, ABC-CLIO
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Author: John F. Witte ISBN: 9781440843426
Publisher: ABC-CLIO Publication: November 21, 2016
Imprint: Praeger Language: English
Author: John F. Witte
ISBN: 9781440843426
Publisher: ABC-CLIO
Publication: November 21, 2016
Imprint: Praeger
Language: English

Income tax policy and politics is an inherently complex and potentially confusing topic. This book makes the tax loophole system understandable for those without in-depth knowledge about taxes. It explains what our tax system looks like, why it is set up as it is, and what effects it has on raising revenue (and thus deficits) and the furtherance of other policy goals. Additionally, it explains why, despite popular and political desires, a significant overhaul of the tax system is very unlikely to be enacted: because tax expenditures (otherwise known as loopholes) benefit all Americans in some way and are supported as policy by both political parties.

Written by John F. Witte, an established expert in tax policy and policy analysis, the book provides a balanced viewpoint that discusses the implications of reform of the income tax system in the United States, demonstrates the range of individuals who are affected by various provisions, and identifies what effects loopholes have on policy goals. Readers will see how both political parties are responsible for the creation and expansion of various loopholes, understand why many of these provisions make sound policy sense, and grasp how the tax code is affected by political desires and policy goals.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Income tax policy and politics is an inherently complex and potentially confusing topic. This book makes the tax loophole system understandable for those without in-depth knowledge about taxes. It explains what our tax system looks like, why it is set up as it is, and what effects it has on raising revenue (and thus deficits) and the furtherance of other policy goals. Additionally, it explains why, despite popular and political desires, a significant overhaul of the tax system is very unlikely to be enacted: because tax expenditures (otherwise known as loopholes) benefit all Americans in some way and are supported as policy by both political parties.

Written by John F. Witte, an established expert in tax policy and policy analysis, the book provides a balanced viewpoint that discusses the implications of reform of the income tax system in the United States, demonstrates the range of individuals who are affected by various provisions, and identifies what effects loopholes have on policy goals. Readers will see how both political parties are responsible for the creation and expansion of various loopholes, understand why many of these provisions make sound policy sense, and grasp how the tax code is affected by political desires and policy goals.

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