How America was Tricked on Tax Policy

How America was Tricked on Tax Policy

Secrets and Undisclosed Practices

By Bret N. Bogenschneider

How America was Tricked on Tax Policy explains how regular citizens were “tricked” by the outdated view of economists that much heavier taxation of labor rather than capital is economically justifiable. The truth is that workers pay their taxes while the rich pay very little. Based on reputable sources of information, including publications of the Organization for Economic Cooperation and Development (OECD), official statistics data, and the publications in high-ranked journals, the book paves the way for a new policy-making process aimed to achieve more sustainable taxation and to increase the wellbeing of citizens as the main goal of any modern state policy. The book compellingly argues how tax policy could be improved by incorporating science and scientific methods.

Paperback, 178 Pages

ISBN:9781785274305

June 2020

£24.99, $29.95

  • About This Book
  • Reviews
  • Author Information
  • Series
  • Table of Contents
  • Links
  • Podcasts

About This Book

How America was Tricked on Tax Policy explains how regular citizens were “tricked” by the outdated view of economists that much heavier taxation of labor rather than capital is economically justifiable. The truth is that workers pay their taxes while the rich pay very little.  Based on reputable sources of information, including the publications of the Organization for Economic Cooperation and Development (OECD), official statistics data, and the publications in high-ranked journals, the book paves the way for a new policy making process aimed to achieve more sustainable taxation and to increase the wellbeing of citizens as the main goal of any modern state policy. 

Dealing with critically important and underexplored topics in tax policy, the book challenges an enshrined dogma that is rarely challenged at the level of policy. In doing so, this book envisions policy changes that could be highly impactful in a new political administration. This book proposes that governments should look for not just corporate income tax rate reduction when announcing their tax reforms but should equally focus on the reduction of the overall tax burden on labor. The negative impact and high social cost of wage taxation is exemplified by the key areas of tax policy that are relevant for every wealthy state, such as taking due care of public health, investing in education and wellbeing of children, and supporting small business for the overall benefit to society. 

The book provides sound arguments that “labor” should essentially be treated as “human capital” and be given the same tax treatment as that of classically understood “capital”. This understanding is extremely relevant nowadays as we are facing the issues of digitalization, in general, and “robotization,” where a new type of labor, i.e., nonhuman labor, is entering the workforce. The book’s fresh novelty comes from its new approach to tax policy while addressing the issues relevant to the “digital” era such as taxation of artificial intelligence or “robots” that are currently partially substituting the human workforce. The book compellingly argues how tax policy could be improved by incorporating science and scientific methods.

Reviews

“Bogenschneider is a leading scholar in tax. His work should be labelled the ‘Bogenschneider lens’ along with other great scholars.” —Benjamin Walker, Senior Lecturer, School of Accounting and Commercial Law, Victoria Business School, Victoria University of Wellington, New Zealand

“Wow! A book that uses philosophy of science, moral philosophy, economics and much more to illuminate technical aspects of taxation. You may disagree with parts or all of Bogenschneider’s condemnation of American tax policy, but serious people need to take his arguments seriously.” —Erik M. Jensen, Burke Professor Emeritus of Law, Case Western Reserve University, USA

Author Information

Bret Bogenschneider holds multiple tax and law degrees including a Juris Doctor, LLM in taxation, and PhD in international business taxation. He is an assistant professor at Indiana University East, specializing in taxation.

Series

No series for this title.

Table of Contents

Introduction: The Classic Deceptions in Tax Policy; CHAPTER 1 Tax Policy in the Oval Office; CHAPTER 2 The Abandonment of Scientific Methods in Tax Research; CHAPTER 3 How the Business Tax System Favors Large Corporations over Small Businesses; CHAPTER 4 The Limits of Moral Philosophy in Formulating Tax Policy; CHAPTER 5 Wage Taxes Do Have Social Costs; Conclusion: Postmodern Tax Policy, or Why the “Little People” Matter to Tax Policy; Index.

Links

No Podcasts for this title.

Latest Tweets

  • @GraihaghJackson @bbcworldservice @NealRazzell Hi Graihagh! Our book Polar Shift is about sustaining the Arctic's r… https://t.co/3fkfJFCFZo

    - 03:03:48 on 16/09/2022
  • The Final Curtain: The Art of Dying on Stage by Laurence Senelick has been featured in Lapham's Quarterly Roundtabl… https://t.co/4Y4akhI7Jt

    - 03:03:48 on 12/09/2022
  • Resourcing Hope for Ageing and Dying in a Broken World is now available. This book discusses the existential challe… https://t.co/raRmV1kMEf

    - 03:03:48 on 08/09/2022
  • Out Now! Shots to the Heart by Steven Rybin closely considers the art of film performance, the combined effect of a… https://t.co/0CvBzsegwZ

    - 03:03:48 on 08/09/2022
  • Fundamentals of Planning Cities for Healthy Living is now available. This book illustrates the decline of community… https://t.co/gBb9MMck7O

    - 03:03:48 on 08/09/2022
  • Out Now! Essays on Philosophy, Praxis, and Culture is a collection of essays providing a panoramic view of practica… https://t.co/phTakMwhMr

    - 03:03:48 on 08/09/2022
  • The Anthem Companion to Alfred Schutz by Michael Barber is available now. This book examines various concepts in Sc… https://t.co/ri9JnqhPVx

    - 03:03:48 on 17/08/2022
  • Out Now! Epic Ambitions in Modern Times explores how artists in the past three centuries, working in varied forms a… https://t.co/saeMTz62M2

    - 03:03:48 on 17/08/2022
  • Available now! Pathways to Action by Peter McAteer. This book is a strategic approach to accelerating action on cli… https://t.co/TkuSzHkbKU

    - 03:03:48 on 10/08/2022
  • The importance of sentiment in promoting reasonableness in children by Michael S. Pritchard is now available. This… https://t.co/nHv5F9IJPy

    - 03:03:48 on 10/08/2022

Comodo SSL