Description
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.
Table of Contents
IntroductionPART IThe Problem: The Income Tax is BrokenChapter 1-What is the Income Tax and Why is it Broken?Chapter 2-Taxing Income is a Flawed ConceptChapter 3-Tax Planning Under the Income TaxChapter 4-Progressive TaxationChapter 5-Tax ExpendituresChapter 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 FailureChapter 7-The Intractable Problem of Tax CheatingChapter 8-The Deadweight Cost of the Personal Income TaxPART IIThe SolutionChapter 9-Tax Consumption Instead of IncomeChapter 10-Individual Level Consumption TaxesChapter 11-Business Level Consumption TaxesChapter 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 TaxChapter 14-e-Tax: An Electronically Collected Progressive Consumption Tax as the Successor to the Income TaxChapter 15-e-Tax Redux: Special ConsiderationsChapter 16-Transition to e-TaxConclusion and Prospects for ChangeAppendix A-Tax-inclusive Rate vs. Tax-exclusive Rate and Gross-upProduction and Consumption Charts-Simplified Production and Consumption Cycle, and Flow of Income & Expenditures Cycle
