Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich - and Cheat Everybody Else
Author: David Cay Johnston
List Price: $25.95
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ISBN: 1591840198
Publisher: Portfolio (25 December, 2003)
Sales Rank: 132
Average Customer Rating: 4.51 out of 5
Customer Reviews
Rating: 5 out of 5
A very powerfull and troubling book
The book provides an incendiary glimpse into the inequities of the US tax code. Johnston shows how incredibly flawed and unfair the tax code has become. He shows how changes have shifted the burden from the wealthy to middle class and how important this issue is to all Americans. And yes he is actually a Republican.
Rating: 4 out of 5
David Cay Johnson's Bias
Many have criticized this book for being anti-GOP. Just a note for you, Mr. Johnson is a registered Republican. However, he reserves the right to criticize both parties and will not blindly follow the party line like many Americans do.The book is fairly objective. No matter what side of the political spectrum (or the $87,000 S.S. cutoff line) you are, you will enjoy this investigation into what's wrong with our Social Security system and why a lockbox or any other panaceas will not save us!
FYI: I am an independent but a conservative ideologically.
Rating: 5 out of 5
So What's Wrong with a Flat Tax
I had no idea what to expect prior to reading this book. I half expected the book to be similar to a Michael Moore (albeit, not as funny) or an Ann Coulter rant. Not so. I was pleasantly surprised to find a well thought out argument in each chapter. The author seems slightly left but finds plenty of opportunity to bash both Democrats and Republicans. So if your looking for something to get your partisan juices flowing, this ain't it. If you have the slightest interest, go to the book store and read Chapter 7 Stealth Tax. This chapter gives a history of the Alternative Minimum Tax. It describes how the Bush Tax Cuts will affect families with incomes from 75,000 to 500,000 by having them fall into AMT. To be fair, this unfortunate proposition was accelerated by the Bush Tax Cuts and not exclusively caused by them. I have been there before, it's not a good place to be. Very Broadly, you lose all your itemized deductions and get taxed on Net Income. Now that will make you rethink your W-4's.
Don't read it before bed though, you'll just get aggravated.
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