The Death of the Income Tax: A Progressive Consumption Tax and the Path to Fiscal Reform

by Daniel S. Goldberg

Overview

The Death of the Income Tax explains how the current income tax is needlessly complex, contains perverse incentives against saving and investment, fails to use modern technology to ease compliance and collection burdens, and is subject to micromanaging and mismanaging by Congress. Daniel Goldberg proposes that the solution to the problems of the current income tax is completely replacing it with a progressive consumption tax collected electronically at the point of sale.

Product Details

ISBN-13:	9780199339822
Publisher:	Oxford University Press
Publication date:	05/15/2013
Sold by:	Barnes & Noble
Format:	eBook
File size:	5 MB

About the Author

Daniel S. Goldberg is Professor of Law (Taxation) at the University of Maryland Francis King Carey School of Law. He has served as the Professor-in-Residence for the National Office of the Internal Revenue Service and has practiced tax law as Of Counsel with law firms in Washington DC and Baltimore. He lives in Chevy Chase, Maryland.

Table of Contents

Introduction PART I The Problem: The Income Tax is Broken Chapter 1-What is the Income Tax and Why is it Broken? Chapter 2-Taxing Income is a Flawed Concept Chapter 3-Tax Planning Under the Income Tax Chapter 4-Progressive Taxation Chapter 5-Tax Expenditures Chapter 5 Appendix-Kingdom of PAL:A Parable of Tax Expenditures, Tax Shelters, and the Passive Activity Loss Rules. Chapter 6-The Alternative Minimum Tax (AMT): An Admission of Failure Chapter 7-The Intractable Problem of Tax Cheating Chapter 8-The Deadweight Cost of the Personal Income Tax PART II The Solution Chapter 9-Tax Consumption Instead of Income Chapter 10-Individual Level Consumption Taxes Chapter 11-Business Level Consumption Taxes Chapter 12-The Current Internal Revenue Code: An Income Tax, a Consumption Tax, or a Hybrid? Chapter 13-An Introduction to an Integrated Two-Tier Consumption Tax Chapter 14-e-Tax: An Electronically Collected Progressive Consumption Tax as the Successor to the Income Tax Chapter 15-e-Tax Redux: Special Considerations Chapter 16-Transition to e-Tax Conclusion and Prospects for Change Appendix A-Tax-inclusive Rate vs. Tax-exclusive Rate and Gross-up Production and Consumption Charts-Simplified Production and Consumption Cycle, and Flow of Income&Expenditures Cycle

Editorial Reviews

"...An interesting book." —CHOICE

From the Publisher