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1 Burnside American Studies- Economy

Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich -- And Cheat Everybody Else

by

Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich -- And Cheat Everybody Else Cover

 

Synopses & Reviews

Publisher Comments:

One of the country's top investigative reporters reveals how the richest 1 percent of the country has rigged the tax code and other laws in its favor.

Since the mid-1970s, there has been a dramatic shift in America's socioeconomic system, one that has gone virtually unnoticed by the general public. Tax policies and their enforcement have become a disaster, and thanks to discreet lobbying by a segment of the top 1 percent, Washington is reluctant or unable to fix them. The corporate income tax, the estate tax, and the gift tax have been largely ignored by the media. But the cumulative results are remarkable: today someone who earns a yearly salary of $60,000 pays a larger percentage of his income in taxes than the four hundred richest Americans.

Pulitzer Prize-winning investigative reporter David Cay Johnston exposes exactly how the middle class is being squeezed to create a widening wealth gap that threatens the stability of the country. By relating the compelling tales of real people across all areas of society, he reveals the truth behind:

  • "middle class" tax cuts and exactly whom they benefit
  • how workers are being cheated out of their retirement plans while disgraced CEOs walk away with millions
  • how some corporations avoid paying any federal income tax
  • how a law meant to prevent cheating by the top 2 percent of Americans no longer affects most of them, but has morphed into a stealth tax on single mothers making just $28,000
  • why the working poor are seven times more likely to be audited by the IRS than everyone else
  • how the IRS became so weak that even when it was handed complete banking records detailing massive cheating by 1,600 people, it prosecuted only 4 percent of them
Johnston has been breaking pieces of this story on the front page of The New York Times for seven years. With Perfectly Legal, he puts the whole shocking narrative together in a way that will stir up media attention and make readers angry about the state of our country.

Review:

"[Johnston's] book is a thoughtful overview for any citizens willing to educate themselves on the issue." Publishers Weekly

Review:

"Despite its sarcastic title, Perfectly Legal is a scrupulously reported, anecdotally rich wake-up call urging all of us to not only follow the money but also pay the piper." Boston Globe

Review:

"As Johnston knows, the real scandal of our federal tax system isn't so much what the rich didn't pay. It's what the rest of us now have to." James K. Galbraith, The New York Times Book Review

Review:

"Perfectly Legal...stands as one of the best, and certainly one of the most thorough examinations of the perfidies of recent tax policy in the United States." San Diego Union-Tribune

Synopsis:

A bestselling authors shocking analysis of the many ways we are victimized by corporations

 

David Cay Johnston, the bestselling author of Perfectly Legal and Free Lunch, is famous for exposing the perfidies of our biggest institutions. Now he turns his attention to the ways huge corporations hide sneaky stipulations in just about every contract, often with government permission.

 

No other modern country gives corporations the unfettered power found in America to gouge customers, shortchange workers, and erect barriers to fair play. Johnston shares solutions you can use to fight back against the obscure fees and taxes, and to help end these devious practices.

Synopsis:

Now updated with a new prologue!

Since the mid-1970s, there has been a dramatic shift in America's socioeconomic system, one that has gone virtually unnoticed by the general public. Tax policies and their enforcement have become a disaster, and thanks to discreet lobbying by a segment of the top 1 percent, Washington is reluctant or unable to fix them. The corporate income tax, the estate tax, and the gift tax have been largely ignored by the media. But the cumulative results are remarkable: today someone who earns a yearly salary of $60,000 pays a larger percentage of his income in taxes than the four hundred richest Americans.

Pulitzer Prize-winning investigative reporter David Cay Johnston exposes exactly how the middle class is being squeezed to create a widening wealth gap that threatens the stability of the country. By relating the compelling tales of real people across all areas of society, he reveals the truth behind:

  • "middle class" tax cuts and exactly whom they benefit
  • how workers are being cheated out of their retirement plans while disgraced CEOs walk away with millions
  • how some corporations avoid paying any federal income tax
  • how a law meant to prevent cheating by the top 2 percent of Americans no longer affects most of them, but has morphed into a stealth tax on single mothers making just $28,000
  • why the working poor are seven times more likely to be audited by the IRS than everyone else
  • how the IRS became so weak that even when it was handed complete banking records detailing massive cheating by 1,600 people, it prosecuted only 4 percent of them

Johnston has been breaking pieces of this story on the front page of The New York Times for seven years. With Perfectly Legal, he puts the whole shocking narrative together in a way that will stir up media attention and make readers angry about the state of our country.

About the Author

David Cay Johnston won a Pulitzer Prize and shared in another for his investigative reporting in The New York Times, for which he has written since 1995. Prior to that he wrote for the Philadelphia Inquirer, the Los Angeles Times, the Detroit Free Press, and the San Jose Mercury News. Johnston is a frequent guest on NPR's Fresh Air.

Table of Contents

Acknowledgments

Prologue

Chapter 1: Taxes - They're Not for Everyone

Chapter 2: A Nickel an Hour More

Chapter 3: The Rich Get Fabulously Richer

Chapter 4: Big Payday

Chapter 5: Plane Perks

Chapter 6: When the Old Man Is Dead and Buried

Chapter 7: The Stealth Tax

Chapter 8: How Social Security Taxes Subsidize the Rich

Chapter 9: Preying on the Working Poor

Chapter 10: Handcuffing the Tax Police

Chapter 11: Mr. Rossotti's Customers

Chapter 12: For Want of a Keystroke

Chapter 13: Mr. Kellogg's Favorite Loophole

Chapter 14: Mass Market Tax Evasion

Chapter 15: Getting Off the Hook

Chapter 16: Profiting Off Taxes

Chapter 17: Profits Trump Patriotism

Chapter 18: Letters to Switerzland

Chapter 19: Gimme Shelter

Chapter 20: Only the Rich Deserve a Comfortable Retirement

Chapter 21: Is Reform Possible?

Conclusions

Notes

Index

Product Details

ISBN:
9781591840190
Subtitle:
How Big Companies Use "Plain English" to Rob You Blind
Author:
Johnston, David Cay
Publisher:
Portfolio Trade
Location:
New York
Subject:
General
Subject:
Taxation - General
Subject:
Taxation
Subject:
Tax evasion
Subject:
Rich people
Subject:
Government - U.S. Government
Subject:
General Political Science
Subject:
Government & Business
Copyright:
Edition Description:
Paperback / softback
Series Volume:
108-52
Publication Date:
20130827
Binding:
Paperback
Grade Level:
from 12
Language:
English
Illustrations:
b/w illustrations on pages 31, 34, 36, a
Pages:
336
Dimensions:
9 x 6 in 1 lb
Age Level:
from 18

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Related Subjects

Business » Tax Guides
History and Social Science » Economics » US Economy

Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich -- And Cheat Everybody Else Used Hardcover
0 stars - 0 reviews
$8.95 In Stock
Product details 336 pages Portfolio - English 9781591840190 Reviews:
"Review" by , "[Johnston's] book is a thoughtful overview for any citizens willing to educate themselves on the issue."
"Review" by , "Despite its sarcastic title, Perfectly Legal is a scrupulously reported, anecdotally rich wake-up call urging all of us to not only follow the money but also pay the piper."
"Review" by , "As Johnston knows, the real scandal of our federal tax system isn't so much what the rich didn't pay. It's what the rest of us now have to."
"Review" by , "Perfectly Legal...stands as one of the best, and certainly one of the most thorough examinations of the perfidies of recent tax policy in the United States."
"Synopsis" by ,
A bestselling authors shocking analysis of the many ways we are victimized by corporations

 

David Cay Johnston, the bestselling author of Perfectly Legal and Free Lunch, is famous for exposing the perfidies of our biggest institutions. Now he turns his attention to the ways huge corporations hide sneaky stipulations in just about every contract, often with government permission.

 

No other modern country gives corporations the unfettered power found in America to gouge customers, shortchange workers, and erect barriers to fair play. Johnston shares solutions you can use to fight back against the obscure fees and taxes, and to help end these devious practices.

"Synopsis" by ,

Now updated with a new prologue!

Since the mid-1970s, there has been a dramatic shift in America's socioeconomic system, one that has gone virtually unnoticed by the general public. Tax policies and their enforcement have become a disaster, and thanks to discreet lobbying by a segment of the top 1 percent, Washington is reluctant or unable to fix them. The corporate income tax, the estate tax, and the gift tax have been largely ignored by the media. But the cumulative results are remarkable: today someone who earns a yearly salary of $60,000 pays a larger percentage of his income in taxes than the four hundred richest Americans.

Pulitzer Prize-winning investigative reporter David Cay Johnston exposes exactly how the middle class is being squeezed to create a widening wealth gap that threatens the stability of the country. By relating the compelling tales of real people across all areas of society, he reveals the truth behind:

  • "middle class" tax cuts and exactly whom they benefit
  • how workers are being cheated out of their retirement plans while disgraced CEOs walk away with millions
  • how some corporations avoid paying any federal income tax
  • how a law meant to prevent cheating by the top 2 percent of Americans no longer affects most of them, but has morphed into a stealth tax on single mothers making just $28,000
  • why the working poor are seven times more likely to be audited by the IRS than everyone else
  • how the IRS became so weak that even when it was handed complete banking records detailing massive cheating by 1,600 people, it prosecuted only 4 percent of them

Johnston has been breaking pieces of this story on the front page of The New York Times for seven years. With Perfectly Legal, he puts the whole shocking narrative together in a way that will stir up media attention and make readers angry about the state of our country.

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