Politics of Loopholes
Subtitle: The Improbable Prospects for U. S. Tax Reform
Publisher: ABC-CLIO, LLC
Published: 2016
Language: eng
Number of pages: 193
ISBN-13: 9781440843419
Subjects: Taxation, law and legislation, united states
Description: "What are the implications and likelihood of reform of the income tax system in the United States―specifically, the expansion and scope of the tax 'expenditure' (loophole) system embedded in the income tax codes? This book details the tax system that now provides for more than 200 tax expenditures, highlighting the potential lost tax dollars. [The author]: makes the tax loophole system comprehensible for lay readers and explains the implications of reform of the income tax system in the United States; debunks the myth that tax expenditures only benefit the wealthy; and presents informed predictions about the likelihood of changes to the tax code."--