Perfectly Legal - David Cay Johnston

Perfectly Legal

By David Cay Johnston

  • Release Date: 2003-12-29
  • Genre: Economics
4 Score: 4 (From 13 Ratings)

Book 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.

From the Trade Paperback edition.

Tags in Economics : Perfectly Legal David Cay Johnston PDF online, Perfectly Legal David Cay Johnston PDF EBOOK download, Perfectly Legal David Cay Johnston epub iphone download, Perfectly Legal David Cay Johnston AUDIOBOOK play, Perfectly Legal by David Cay Johnston ePub (.epub) , Perfectly Legal book review , Download David Cay Johnston's book in MOBI, Perfectly Legal book PDF Large Print (.pdf), Perfectly Legal David Cay Johnston Plain text (.txt) , Perfectly Legal David Cay Johnston zip (.zip) file, Economics