Ebook Download Taxes in America: What Everyone Needs to Know®

Ebook Download Taxes in America: What Everyone Needs to Know®

In giving the information, we also reveal other book collections. We know that nowadays many people like reading a lot. So, finding hundreds of the books right here in this online book is extremely simple. Searching and surfing can be done anywhere you are. It is the way you use the modern-day technology as web connection to connect to this site. From this situation, we're truly sure that everyone needs are covered in some books, the particular publications based upon the topics and also demands. As the Taxes In America: What Everyone Needs To Know® that is currently preventative.

Taxes in America: What Everyone Needs to Know®

Ebook Download Taxes in America: What Everyone Needs to Know®

Taxes In America: What Everyone Needs To Know® Exactly how a straightforward idea by reading can enhance you to be a successful individual? Reviewing Taxes In America: What Everyone Needs To Know® is a very simple activity. However, exactly how can many people be so careless to check out? They will certainly choose to spend their downtime to chatting or hanging out. When in fact, checking out Taxes In America: What Everyone Needs To Know® will give you much more possibilities to be successful completed with the hard works.

One that currently becomes a chatting resource is Taxes In America: What Everyone Needs To Know® This is just what you could really feel when looking or reading the title of this publication. This publication has successfully influence the readers from the many countries to get the impression. This is why it tends to be among the most much-loved publications to review recently. Will you be among them? It's depending upon your choice to pick this book as your own or not.

Checking out a publication could assist you to open the new world. From knowing nothing to understanding everything can be reached when checking out publications sometimes. As lots of people state, a lot more books you review, a lot more things you want to know, however few things you will certainly really feel. Yeah, reviewing the book will certainly lead your mind to open minded as well as constantly try to seek for the other knowledge, even from several sources. Taxes In America: What Everyone Needs To Know® as a means of just how the book is suggested will be readily available for you to get it.

So now, just what's more you will go through with this book? Just get Taxes In America: What Everyone Needs To Know® as soon as possible to lead your thought to always develop. When you make small way of thinking to think of hard book to check out, you will certainly not make any improvement. And see what you will certainly get, be sorry for will always come behind. So, do you intend to turn into one of them? Obviously not! Reviewing as well as reviewing become one of the options that you can aim to overcome the problems.

Review

"Recently I've been reading economists Leonard Burman and Joel Slemrod's Taxes in America. Like pretty much everything else these two write, this book is well worth reading. In particular, it hits all the important questions about taxes in a clear and neutral manner. I highly recommend it whether you want to learn more about our tax system, its incidences, its cost, and more, or whether you want to learn how to explain complex tax issues in a simple and concise way."- Veronique de Rugy, NationalReview.com

Read more

About the Author

Leonard E. Burman is Daniel Patrick Moynihan Professor of Public Affairs at Maxwell School of Syracuse University. Joel Slemrod is Professor of Economics in the Department of Economics and the Paul W. McCracken Collegiate Professor of Business Economics and Public Policy in the Stephen M. Ross School of Business, at the University of Michigan.

Read more

Product details

Series: What Everyone Needs To Know®

Hardcover: 304 pages

Publisher: Oxford University Press; 1 edition (November 22, 2012)

Language: English

ISBN-10: 0199890277

ISBN-13: 978-0199890279

Product Dimensions:

8.4 x 1 x 5.8 inches

Shipping Weight: 14.9 ounces (View shipping rates and policies)

Average Customer Review:

4.2 out of 5 stars

30 customer reviews

Amazon Best Sellers Rank:

#1,462,316 in Books (See Top 100 in Books)

Taxes in America: What Everyone Needs to Know by Leonard E. Burman and Joel Slemrod"Taxes in America" is an accessible book on tax policy in America. Educational and informative this book does its darndest to engage the audience by taking a reader-friendly approach on how our tax system works by asking logical questions and answering them in straight-mannered fashion. Professors Burman and Slemrod with background in economics and specifically tax policy do an effective job of sharing their wisdom with the public. This informative 301-page book is broken out into the following three Parts: 1. How are we Taxed?, 2. The Costs and Benefits of Taxation, and 3. A Tour of the Sausage Factory.Positives:1. A well-written and accessible book on tax policy.2. Great command of the topic.3. Excellent format. Smart decision to ask layperson-styled questions and provide direct responses. Cartoon inserts help break up the monotony and add much needed humor to a dry topic.4. Does a good job of defining terms. "A tax is a compulsory transfer of resources from the private sector to government that generally does not entitle the taxed person or entity to a quid pro quo in return (that's why it has to be compulsory)."5. Some interesting tidbits of note, "In early 2011, antitax crusader Grover Norquist accused conservative Republican Senator Tom Coburn (R-OK) of breaking his no-tax-increase pledge by proposing an amendment to end a tax credit for ethanol. Norquist objected to the elimination of the credit because he views it as a tax increase, while Senator Coburn considered it to be a spending cut."6. The use of taxes as a form of regulation. "A cap-and-trade system can have similar effects to a carbon tax. Under this system the government sets a limit on total emissions, and then allocates or auctions a number of permits equal to that amount. The permits can then be bought and sold, which establishes a market price."7. Straightforward explanation of how taxes vary across the federal, state, and local governments. "The federal government's revenue comes predominantly from individual income taxes (43.5 percent in 2009) and social insurance and retirement receipts (42.3 percent), while only 6.6 percent comes from corporate income taxes and about 3 percent from excise taxes."8. Standout facts. "The cost of government is measured much more accurately by what it spends than by what it collects in taxes."9. Payroll taxes in perspective. "Although it's conceivable that consumers or capital owners could bear part or all of the tax burden, statistical studies have almost uniformly concluded that workers bear the entire burden of both the employer and employee portions of the payroll tax."10. The arguments for and against lower capital gains tax rates.11. Interesting discussion on why we tax corporations and how some get away with paying no income tax. For example, the New York Times reported that General Electric, one of the largest companies in the world, paid no income tax in 2010 despite worldwide profits of over $14.2 billion and U.S. profits of $5.1 billion.12. Did you know? "Oregon and Delaware are sales tax havens--they levy no sales tax at all."13. It goes over what seems to be a countless variety of taxes: use, luxury, excise, sin, Pigouvian, flat, estate, property...to name a few.14. The most progressive estate tax is..." For sure, the estate tax is the most progressive tax in the federal tax system. The Tax Policy Center estimates that, in 2011, 97 percent of the tax will be collected from the estates of households in the top 5 percent of the income distribution, and 78 percent from the richest 1 percent. By comparison, only 58 percent of personal income tax revenues are collected from the top 5 percent and 34 percent from the top 1 percent."15. Strong conviction on what is not true. "It is not true that cutting taxes by itself will guarantee a spurt of growth. We know this by observing that some countries with substantially higher tax takes are doing quite well, thank you. We know that higher tax rates on the rich do not guarantee economic disaster, because in the 1950s and 1960s, when the U.S. top individual tax rates exceeded 90 percent, the U.S. economy performed very well indeed. Better than in decades since, on the whole, in the rate of growth of GDP and productivity. We know that lowering tax rates will not boost the economy so much that revenues will go up rather than down. We know this by observing that recent tax cuts in the United States and in other countries were inevitably followed by bigger deficits."16. Worthwhile quotes. "President Lyndon Johnson once said: "The most damaging thing you can do to any businessman in America is to keep him in doubt, and to keep him guessing, on what our tax policy is."17. Tax subsidies. "Tax subsidies add up to more than $1 trillion per year. That's not chump change, but, until recently, it's been off limits in any bipartisan budget negotiations in Congress because Republicans have been unwilling to consider anything that might be labeled a tax increase."18. One of the more interesting chapters, "Tax Administration and Enforcement". Good stuff! "Overall, in fiscal year 2010, 1.1 percent of individual income tax returns, 1.4 percent of corporation income tax returns, and 10.1 percent of estate tax returns were audited."19. Reality. "While tax revenues are at the lowest level as a share of GDP in more than fifty years, they are expected to increase as the economy rebounds and the stimulus measures expire. However, population aging and rising health care costs will put unprecedented pressures on the federal budget. Unless Congress figures out a radical cure for health cost inflation, services would have to be cut drastically from current levels to balance the budget with the tax system of current law."20. Political reality. "The era of surpluses died because the younger Mr. Bush was not about to repeat his dad's mistake. His vice president, Dick Cheney, growled that "deficits don't matter." Mr. Bush cut taxes by trillions of dollars while creating a huge prescription drug entitlement program, waging two wars, and increasing non-defense discretionary spending even faster than Mr. Clinton. Mr. Bush left office with a burgeoning deficit and record-low approval ratings, but both sides continued to embrace the two Santa theory. Candidate Barack Obama criticized Mr. Bush's fiscal profligacy, but proposed new spending programs and tax cuts that would have increased the deficit almost as much as Mr. Bush's policies. Candidate John McCain was more restrained on spending, but his huge promised income tax cuts would have led to even larger deficits."21. Links to notes and a helpful glossary of terms.Negatives:1. As hard as they try (and they do try), tax policy is a dry topic.2. Tax policy can be very complex.3. The authors provide some helpful charts and diagrams but I was hoping for more. As an example: tax policies by president, timeline of tax reforms and implications, to name a few.4. Failed to take advantage of the more controversial aspects of tax policy. A chapter on the major scandals involving tax evasion would have added some spice to this book.5. Some hot-topic buttons were purposely ignored or barely mentioned: income inequality, religious tax breaks, Affordable Care Act (does mention the 3.8% tax on investment income for individuals with income over $200,000, and couples with income greater than $250,000).In summary, this is a very solid book on tax policy but no matter how you slice it, it remains a very dry topic. The authors do well in explaining the basics of how the tax policy works and how it might be made better. The book is well written, accessible and provides a helpful glossary of terms. The book lacks spice but it is a welcomed reference for us laypersons in tax policy. I recommend it.Further suggestions: "Taxing Ourselves, 4th Edition: A Citizen's Guide to the Debate over Taxes" by Joel Slemrod, "The Benefit and The Burden: Tax Reform-Why We Need It and What It Will Take" by Bruce Bartlett, "Red Ink: Inside the High-Stakes Politics of the Federal Budget" by David Wessel, "White House Burning: Our National Debt and Why It Matters to You (Vintage)" by Simon Johnson, "The Price of Inequality: How Today's Divided Society Endangers Our Future" by Joseph E. Stiglitz, "Tax Havens: International Tax Avoidance and Evasion" by Jane G. Gravelle, "Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else" by Chrystia Freeland, and "Deficits, Debt, and the New Politics of Tax Policy" by Dennis S. Ippolito.

I bought this book after I finished my 2012 taxes, looking for a no-nonsense hopefully non-partisan primer on the US tax system. The authors' approach was perfect for introducing tax policy in all its complexity. The question-and-answer format helped immensely, lending a sense of casual conversation. You would expect a book on taxes to get complicated really quick, but this stayed just basic enough for a non-expert taxpayer like me to understand the tax code. There were very few passages that I got lost in and skipped over.This first edition was published just before the January 2013 changes in tax policy by Congress, so it's best to get informed of those changes while reading some of the most up-to-date passages in the book. If you're curious about the different types of taxes on all levels (federal, state, local, etc.), and you want to know how the money you pay in taxes each year contributes to the US economy at large, then you'll love reading this book.

Tax policy and tax reform ideas seem to be a never-ending story in the news these days -- while the public seems more and more confused and lack an understanding about the fundamental principles needed to effectively evaluate tax policies. Burman and Slemrod do an excellent public service by offering this book in an easy to understand manner. The writing is crisp, clear and even at times funny (and not just funny to a tax economist). As the other reviewers on this page have noted, the authors do an excellent job presenting tax concepts in a non-politically biased manner. This book is useful for people on both sides of the political aisle and especially for citizens looking for a book to help explain the economic and public policy tradeoffs associated with tax policy. This book will also make an excellent primer for a public policy class on tax policy...and I will likely use it myself in future classes.Taxes are not only the price we pay for a civilized society, taxes are also the price we pay as a society that uses the tax code to try and achieve social policy objectives, such as equality, income redistribution, home ownership, savings incentives, work incentives, healthcare coverage, economic stimulus, etc...the list goes on and on. These social policy goals have both economic and societal costs and benefits -- Burman and Slemrod do a good job explaining these tradeoffs.If everyone in this country read this book and came away with a proper understanding of the incidence/burden of various forms of taxation (Chapter 2) or how some tax breaks can rightly be classified as spending (Chapter 7 - Burman's letter to Jon Stewart of "The Daily Show" on tax expenditures is a definite must read), then we might actually be able to pass legislation and institute a tax system that we truly deserve...not the one we currently have.

Explains how our tax system works. Describes the taxes and the effects of taxes. Written by two experts in taxes. Easy to understand. Relies heavily on evidence to support their conclusions. I like that they tell what is known and what is unknown. Highly recommended as a quick intro to taxes and tax policy.

I read this book last weekend and I thought it was excellent. The authors did a great job presenting complicated facts about the tax code, specific taxes, the incidence of taxes and more in a simple and neutral way. I say this even more comfortably that I am of a rather different school of thoughts than the authors. If you are interested in tax issues but don't know enough or you know a lot and simply want learn about how to talk about taxes in a way that won't put people to sleep, this book is a must read.

Taxes in America: What Everyone Needs to Know® PDF
Taxes in America: What Everyone Needs to Know® EPub
Taxes in America: What Everyone Needs to Know® Doc
Taxes in America: What Everyone Needs to Know® iBooks
Taxes in America: What Everyone Needs to Know® rtf
Taxes in America: What Everyone Needs to Know® Mobipocket
Taxes in America: What Everyone Needs to Know® Kindle

Taxes in America: What Everyone Needs to Know® PDF

Taxes in America: What Everyone Needs to Know® PDF

Taxes in America: What Everyone Needs to Know® PDF

Taxes in America: What Everyone Needs to Know® PDF