EBOOK or PDF (A Fine Mess) Å T.R. Reid
R Congressman this is a great easily understandable place to start making your notes 3Everyone complains about taxes but veteran journalist T R Reid thinks the time is right for us to DO something about it According to Reid s research we ave Trabaccoli e pieleghi nella marineria tradizionale dell'Adriatico had a major overhaul of our tax system in the United States every 32 years which means we are due for the next major rewrite in 2018 Toelp us prepare Reid Who Were the Tuskegee Airmen? has written A Fine Mess an interesting and informative look at our own tax system and tax systems of other developed countries around the world from Austria to New Zealand He concludes that other countriesave systems that are much euitable and easy to navigate than our own and makes recommendations on Unequal Affections: A Pride and Prejudice Retelling (English Edition) how we can improveReid s research is impressive and the book is replete with dataistory and expert opinion from sources worldwide I was surprised to learn that of the 35 richest countries in the world the US is 32nd in taxes as a percentage of GDP South Korea Chile and Mexico are lower I was also surprised and intrigued to find out that in some countries the tax authorities do the taxes for citizens The citizen need only review the form and let the authorities know if there are any corrections No need for HR Block or Turbo TaxIn addition to interesting facts readers can broaden their knowledge of concepts used in discussions of taxation like BBLR Broad Base Low Rates and the Gini coefficient which is a gauge of income ineuality A country would La Conuête du Pain have a Gini coefficient of 0 if everyonead the same wealth and a coefficient of 1 if one person Beautiful Stories from Shakespeare had it allWe can read of the elaborate tax evasion schemes used by large corporations like inversions and get outraged at special provisions like carried interest whereby brokers who invest other people s money can treat their own compensation as capital gains rather than ordinary income thereby allowing Warren Buffet to pay a lower tax rate thanis secretaryReid is a journalist and not an economist or policymaker so it is not surprising that A Fine Mess is stronger at documenting the problem than at proposing solutions Most of Frida Kahlo: Little People, Big Dreams. Deutsche Ausgabe his recommendations are no brainers like retaining a progressive tax rate system reducing complexity and eliminating special provisions that benefit some small favored company or group Reid s other major recommendation is for the United States to implement a VAT tax He makes a good case for the benefits of such a tax but does not explore adeuately or solve in my opinion the drawbacks eg its tendency to be regressiveHowever if the finest experts in our country and othersave not been able to solve our tax mess it would be expecting too much to demand the solution in this book A Fine Mess remains an interesting exposition that will leave readers better informed and Picasso and the Mysteries of Life: La Vie (Cleveland Masterwork Series (1)) hopefully provide stimulus for progress towards a better tax system in 2018 I also was left with a lot of what seemed to me to be fairly obvious uestions thate did not even mention much less follow up like the fact that the US Mexicoi and Cile A Summer of Hummingbirds Love Art and Scandal in the Intersecting Worlds of Emily Dickinson Mark Twain Harriet Beecher Stowe and Martin Johnson Heade had very low tax burdens as % of GDP and extremelyigh Gini coefficients and are among only a very small number of countries who tax money their companies earn overseas Are these items related And what is their significance I can t reasonably expect im to follow up every uestion that might arise out of a book like this but I would ave Divine hoped for a bit original thought fromim I never thought I d read a whole book about tax policy but this wasn t too bad Written very simply and directly it gives some Wichtige Steuergesetze: mit Durchführungsverordnungen. (Textausgabe) history of taxation around the world and especially in America with a broad overview ofow our tax system works and Cut Loose: Jobless and Hopeless in an Unfair Economy how it could be improved especially by emulating practices thatave worked well in other countries From a center left POV in general but I think it s pretty fair to mainstream viewpoints on all sides A Fine Mess A Global uest for a Simpler Fairer and More Efficient Tax System is insightful and thought provoking The current system cries out for reform but I foresee little chance of any genuine improvements to our obtuse and archaic tax code during an era of government paralysis Reid deserves Four Stars on the research and content and Two Stars for the facetious tone I read this book on the recommendation of my Goodreads friend Steve I may Alani Was Here have otherwise passed it by expecting a dry technical tome In fact I enjoyed it and learned a great deal I used to imagine that Americans must understand most of the arcane shit in tax forms and the IRS booklets that are intended to explain everything but are totally impenetrable I always wanted to know about the tax system the various taxes andow it all works but never dreamed that I wouldThe admirable TR Reid a seasoned journalist and author The Recruiter has changed all that I now understand that the first principle of good taxation is broad base low rates BBLR and that there are many kinds of taxes to pay for our communal expenses or the luxuries of dictators and their children For the first time I actually understandow value added tax VAT which I ave paid in England Germany and other places actually works Reid is a strong proponent of VAT for the United States which is the only developed country that doesn t use it although 175 other countries do He shows the advantages of it and a few disadvantages Even though Republicans and Democrats support it no politician or party is prepared to introduce a new and therefore unpopular tax Reid shows very convincingly that only a total overhaul of the gargantuan nightmarish tax code of about 73000 pages will succeed because the only way that the politicians will get it through is by presenting gains and pains in the same package Most important is the need to lower rates at the same time as eliminating all of the enormously expensive entitlements that enable citizens and businesses to reduce their taxes but adding VAT will also elp enormously by taxing consumption rather than incomeThe structure of the book is interesting logical and coherent as Reid introduces the The Mad Wolf's Daughter history of American taxes and politics tightly entwined but uickly adds the experience of many other countries some of which such as New Zealand the UK Australia and Slovakiae researched in great detail on the spot The taxation systems of several countries are working
extremely well They ave gone through the pain of refining and improving them well They ave gone through the pain of refining and improving them we shouldn t Get Over It Fab Life have to An unfortunate side effect of American exceptionalism is the belief that America can t learn from other countries In the case of taxation thatas already been proved wrong by Donald Regan during the Reagan administration He even sent a team to New Zealand to understand what they No Prisoners Star Wars The Clone Wars had done The Tax Reform Act of 1986 which swept through both the Senate and the House and was signed into law by a beaming president in October is considered to be the most significant reform in theistory of the income tax So I can t exactly recommend this book It is after all about taxes Taxes are boring everyone Husband for Hire has unlettered and predictable opinions about them and the subject is endlessly abstruse But they re also very important Beyond clumsy suppositions about liberals favoring taxes and conservatives loathing them I found this account fascinating for revealing one of the few political areas of substance where conservative and liberal policy goals are consistent with each other It is in fact possible to raise money and lower tax rates We can lower the taxes on the richest not chase away corporations implement a VAT without it being regressive and do all of this while raising money and radically simplifying the nature of our byzantine tax code BBLR Suffice it to say it ll be interesting to wade into the promised tax reform debates and not immediately assume that our government is run by a cabal of greedy idiots intent on ruining anything good about this countryworld for plutocratic purposes I mean I ll probably end up that way but at least I can come in with an open mind and a lack of presumptions about what conservative policies do So if there s a fix out there then why not adopt it In a word politics And also aefty dose of the ridiculous idea that American exceptionalism means everything we do contributes to us being the greatest rather than almost everything that we insist on doing differently An Egg Is Quiet has become an embarrassing albatross with nothing to justify it than convention and stubbornnessAnyway this book I gather is written by a freuent NPR commentator I kept getting surprised aboutow interesting the subject matter was but that s kind of what NPR does so well makes something mundane and boring into something worthy of exploration Hooray for taxes. E Indeed the dysfunctional
tax system as become a major cause of economic ineualityIn A Fine Mess system as become a major cause of economic ineualityIn A Fine Mess R Reid crisscrosses the globe in search of the exact solutions to these urgent problems With an uncanny knack for making a complex subject not just accessible but gripping Professor Astro Cat's Human Body Odyssey he investigates what makes good taxation no that's not an oxymoron and brings that knowledgeome where it is needed most Never talking down or reflexively siding with either wing of politics T R Reid presses the case for sensible root and branch reforms with a companionable ebullience This affects everyone Doing our taxes will never be America's favorite pastime but it can and should be so much easier and fairer. .
Clear and careful analysis of the United States tax system in comparison to other OECD nations Reid makes a great argument for a broad based low rate taxation system with an emphasis on the Valued Added Tax and Financial Transaction tax One in which IRS would pre fill your tax forms for you with the abundant data it as access to rather than you filling them out Mismatch hiring accountants to fill them out or spending your money on electronic tax calculating software Tax software companiesave an incentive for a complicated tax code and Going All the Way Planning for a Marriage That Goes the Distance have lobbied for the status uo These methodsave been successfully implemented and proved efficient effective tools in other nations UK for example Inspires me to look into recent 2018 tax code reform Important topic Check out Test logiciel en pratique his other great book onealth care reform 40 Kind of too late but we can try to continue tax reform Just need a plan to safely dismantle the tax industrial complex and retrain IntuitHR Block workforce to do something actually productiveraw notes for nowGraduated better than flat tax Graduated rates themselves are not a painful source of complexity It s all of the exceptions Tax expenditures deductions credits etc are over a trillion dollarsAmericans spend billions of ours and dollars to file returns Huge drain on productivity IRS says it s super efficient but only by outsourcing all of the work to taxpayersCongress likes to yell at IRS But it s clear where complexity comes from themBblr broad base low rates eliminate exemptions deductions credits to tax all incomeMake rates low to disincentivize cheating and to make deductions etc less valuable to wealthyAdopt the VAT not too far from Ted Cruz s proposal key idea ere is that each link in the supply chain is motivated to report taxes paid to their counter parties so government can easily spot the cheatersunderpayers Can give some credits to make VAT less regressive though admits that fairness is the enemy of simplicityAlso got into Piketty territory about avoiding concentration of wealth before it leads to social upheavalrevolution Keep the estate tax Also introduce global wealth tax It s being tried in EU what about BrexitJapan mails postcards with government assessment of taxes owed If taxpayer agrees they re done 80 85% of Japanese tax returns are competed this way They also A Queen's Spy Plus The Tudor Heresy - Mercenary For Hire Series: Tudor Historical Fiction Novels - Adventure Fiction (Tudor Mystery Trials) have dynamic rules for withholding taxes from income It s pretty much always correct and the right amount is withheld Ingenious Howard could it be Side benefit to tax cheats you know what the government knows I m going to jot down a few uotes The Structure of Biblical Authority here as I run across themThe 535 members of the US Congress the people who write the tax lawsave given themselves various tax break and deductions that other Americans don t get This is probably a natural tendency among people who write the law As it Niebla happens though some countriesave found ways to combat this predictable effort by legislators to reduce their own tax bills Slovakia for example Confederate Waterloo has a rule that members of the national legislature and the prime minister s cabinet alwaysave to pay 5% in tax than any other Slovakian with the same income 10A standard way to measure national tax burdens is to calculate a country s total tax revenues national state and local as a percentage of gross domestic product the sum of all the wealth produced in the country in a year This statistic called the overall tax burden is measured annually by the Organization for Economic Cooperation and Development OECD which is sort of a United Nations but with membership limited only to the richest countries For many years now the OECD s calculation of overall tax burden as shown that total tax revenues in the United States are much lower than in most other advanced countries 13 14When it comes to designing a country s tax system the World Bank the IMF and the OECD all preach the same sermon relying on the same fundamental principle This rule is not particularly complicated it is easy to understand although not always easy to implement In fact it s so simple that the economists generally reduce the essential formula for good taxation to a four letter world BBLR That stands for broad base low rates BBLR means that if the tax base that is the total amount of income or sales or property that can be taxed is kept as large as possible then the tax rate that is the percentage that people ave to give to the government can be kept low Virtually all economists and tax experts agree that this is the best way to run a tax regime 52The best way though to avoid the unfairness the abuses and the revenue loss from the charitable deduction is to get rid of this deduction altogether Austria Finland Ireland Italy Sweden and Switzerland
all ave flourishing charity sectors even after theyhave flourishing charity sectors even after they away the tax break for contributions New Zealand of course got rid of it in that first base broadening exercise in the 1980s None of these countries saw any significant drop in charitable contributions saw any significant drop in charitable contributions over the world people contribute mainly because of a belief in a particular cause or because of a basic uman desire to elp others Getting a tax break is at most a minor motivation The tax deduction for charitable contributions cheapens the charitable impulse by implying that you and I wouldn t give a dime to charity unless we got a little financial gain on the side 86 87While this deduction is promoted by realtors and mortgage bankers as a boon to ome buyers it is just as likely to make a Das Glücksbüro home purchase difficult All studies except those funded by the real estate industry find that a mortgage interest deduction raises the price of aouse When the OECD investigated the impact of the mortgage interest deduction in wealthy countries where it is still in place it concluded that new purchasersare not necessarily the beneficiaries of these tax provisions because the interest deduction forces them to pay an increased price Whatever benefit a buyer might get from the tax break is just about completely offset by the Bodies in the Bog and the Archaeological Imagination higher price of theouse So the deduction doesn t do what it is supposed to do make it easier for people to buy a Daughter of Moloka'i home 89Australia Canada Germany Great Britain Israel Japan the Netherlands and New Zealand for exampleave no deduction for mortgage interest at all Yet eliminating the deduction seems to The Santa Cruz Haggadah - Leader's Edition (Regular) have no impact onome ownership In all the industrialized democracies the rate of This Could Be Our Future home ownership is just about the same Roughly 65% of families own theirome
IN COUNTRIES THAT HAVE THE MORTGAGEcountries that Keepers of the Record: The History of the Hudson's Bay Company Archives have the mortgage deduction and about 65% of families own theirome in countries that do not 90 What I learned at Chicago is a basic truth about taxes rich people will try to of course avoid paying Radim Bohacek an economist at the premier Czech college Charles University and a member of the Czech Academy of Sciences who studied economics at the University of Chicago told me The you raise the rates the incentive rich people Interaction Concepts of Personality have toire accountants and strategize Then they can duck just out What you want is a broad based tax without exemptions or loopholes because one you Entdeckungsreise in Die S�dsee Und Nach Der Berings Stra�e Zur Erforschung Einer Nord�stlichen Durchfahrt Vol 1 have special exemptions or deductions people who can afford lawyers will take of course advantage of them 109Does the flat tax work Yes a flat rate income tax regime can work under certain conditions The flat tax works in a country that is a former Communist state with no investment capital and low wage rates which needs to build a capitalist economy from a base of approximately zero The flat tax works if people are willing to pay a 20% sales tax on every thing they buy to make up for lower revenue The flat tax works if employers are willing to pay 34% or in Social Security taxes for every employee theyire The flat tax works in a country where almost everyone as the same amount of wealth so there s no need for the distributive effect of graduated rates And if all these conditions are met the flat rate tax will probably work as long as the economy is on a path of steady growthFor countries that don t meet these reuirements it probably makes sense in terms of fiscal ealth as well as fairness to adopt progressive rates in which the wealthy pay a Instrumentation and Sensors for Engineering Applications higher percentage of their income in tax than middle or low income people pay 114developments in the private sector Professor Thomas Piketty author of Capital in the Twenty First Century says are not the only cause of the burgeoning financial imbalance A key contributor to ineualitye says is government policy When governments decide to bail out big banks while millions lose their omes to foreclosure action by the same banks the policy exacerbates the problem of ineuality Such policies transfer wealth from middle class omeowner. New York Times bestelling author T R Reid travels around the world to solve the urgent problem of America's failing tax code unravelling a complex topic in plain English and telling a rollicking story along the way The US tax code is a total write off Crammed with loopholes and special interest provisions it works for no one except tax lawyers accountants and Les chatons magiques - tome 01 : Une jolie surprise (01) huge corporations Not for the first time weave reached a breaking point That appened in 1922 and again in 1954 and again in 1986 In other words every thirty two years Which means that the next complete overhaul is due in 2018 But what should be in this new tax code Can we make the US tax system simpler fairer and efficient.
REVIEW À THISISWHYYOUREFESTIVE.CO.UK Ø T.R. ReidS to upper bracket bankers and their shareholders not through private markets but because of decisions by governments Similarly tax policies that give generous breaks to the wealthiest like that 7500 giveaway to people who can buy a 105000 car exacerbate the trend toward concentration of wealth in a lucky few When the national tax code says that money earned from trading securities will be taxed at a much lower rate than money earned from working at a job the tax law itself is adding to ineuality That is not surprising Piketty says because the government officials who approve corporate bailouts and write tax laws are often beholden to the financial elites for political contributionsBut the major reason for growing ineuality Piketty argues is that rich people today make most of their money not from wages but from capital investments stocks bonds commodity trades real estate patents and so on And earnings from capital that is from financial transactions are growing faster than earnings from labor that is from working at a job That is you can make some money cooking amburgers or serving Queer, There, and Everywhere: 23 People Who Changed the World hamburgers but you won t make as much as a guy who buys and sells the stock in aamburger chainIn other words Piketty says the rich get richer The Texan has become a fundamental law of economics especially in the United States Because our Supreme Courtas defined donating money as a form of political speech economic clout in the United States turns uickly into political clout 122 123The most comprehensive unbiased study of effective tax rates paid by US firms was issued by the Government Accountabilty Office GAO essentially the accounting arm of Congress in 2013 Looking at profits and taxes paid in the years 2008 2010 the GAO said large US companies actually paid 126% of their profits in federal tax Many companies The Indoor Pirates had to pay state and local income taxes and some paid income tax to foreign countries on their overseas earnings But even when all those taxes were added up the effective rate of tax paid by large US corporations was only 169% The GAO said that companies were able to cut their tax bills far below the statutory rate because of exemptions deferrals tax credits and other forms of incentives in the law and because theyave successfully transferred much of their profit to foreign countries as Caterpillar did Big companies were so successful in the game of tax avoidance that nearly 55 percent of all large US controlled corporations reported no federal tax liability in at least one year between 1998 and 2005 the GAO found 147 148The US corporate income tax is not working We Fisher Investments on Industrials have aigher corporate tax rate than almost any other country and we apply it to income earned anywhere in the world And yet corporate income tax revenues Timelines of American Literature have fallen so sharply that they now make up a fairly small share of the federal government s annual tax revenues In the 1960s the corporate tax brought in about 33% of US tax revenues Today the same tax provides less than 9% of revenues that means individual taxpayersave to take up the slack and pay Which we do In the 1960s the individual income tax and the Social Security tax constituted about 50% of all federal tax revenues today their share of the nation s total tax burden is than 80% Corporate tax revenues are plummeting partly because Congress Weggesperrt has larded the corporate income tax with costly preference and giveaways for corporations and partly because American multinationalsave become so successful at shifting income overseas Hundreds of millions of dollars money that might Het Achterhuis have gone to raising wages or creating new medicines or building factoriesave been paid to tax lawyers for the creation of elaborate evasion schemes The result is a complicated unpopular and stiff corporate income tax that actually doesn t do much taxing 164 165Members of Congress love to Valuation: Measuring and Managing the Value of Companies harangue the IRS bureaucrats about lengthy tax forms and unfair rules and complex instructions but of course the IRS isn t responsible for the length the fairness or the complexity of our tax code It is Congress that writes the tax laws It s Congress that addsundreds of new exemptions allowances credits and calculations to the tax code every year It was Congress that decided to give the IRS responsibility for managing the ealth insurance subsidies flowing to millions of Americans under the Affordable Care Act ObamaCare and then cut the agency s staff after assigning it this major new task It was Congress that assigned to the IRS the management of the earned income tax credit EITC which as become one of the nation s largest support programs for low income Americans It was Congress that crafted the much ated alternative minimum tax which spawned whole new dimensions of complexity and ours of additional work for millions of families And yet congressmen and senators can t seem to resist pointing angry fingers at the IRS as if somebody else Adoniram Judson had created the legislative monster that is the US tax code 209 210The IRS likes to boast that it is aighly efficient government agency and this is accurate in a sense In fiscal year 2015 the agency spent 114 billion and brought in revenues of 33 trillion that is the service spends just thirty five cents for every billion and brought in revenues of 33 trillion that is the service spends just thirty five cents for every it brings inBut the IRS achieves this noteworthy status by imposing much of the cost of the tax system on taxpayers In other rich countriesthe tax collector shoulders much of the burden that is borne by individual and corporate taxpayers in the United States The IRS in contrast pushes those costs onto us While the tax agency spends 114 billion American taxpayers end up paying vastly just to file their annual returns The Office of the Taxpayer Advocate says American families spend 316 billion Числа hours each year getting their taxes done gathering the data keeping records and filling out forms businesses spend about 29 billionours on the same tasks a figure that does not include all the time reuired for the tax
Avoidance Gymnastics At Angymnastics At an wage those six billion Is Your Networking Net Working? hours devoted to filing tax returns represent about 400 billion per year of working time six billionours is the euivalent of 31 million people working forty The Revolutionary Paul Revere hours per week fifty weeks per year In terms of time and cost just paying our taxesas become one of the biggest industries in the United States 214 215Almost all economists who ve looked at the US tax code almost every blue ribbon study commission almost all presidential candidates who bother to propose a program of tax reform agree that some version of the value added tax could increase the fairness and efficiency of our tax system and reduce its mind boggling complexity And yet the United States stands alone among the world s rich nations in refusing to implement this common levyIt s one of the curious manifestations of the concept of American exceptionalism the idea that there s no country like the United States of AmericaThe problem comes when US politicians are so determined to be exceptional to do things our own way that they refuse to implement a valuable idea that almost every other country on the planet Tainted Breeze: The Great Hanging at Gainesville, Texas, 1862 has embraced to its benefit This makes up exceptional but not in a way that any other country would choose 229 230our political leaders talk about fixing the tax code all the time But their proposals involved incremental change to the existing system and incremental change over the decades is what got us into the fine mess we re stuck with today These approaches to tax reform including the plans weeard during the 2016 presidential campaign all suffer from the same problem they re too timidThey all MAKA MAKA Vol1 have a rearranging the deck chairs uality at a time when the whole structure is sinking from its own weight As we ve seen in other countries the way to bring about fundamental change is a dysfunctional tax code is to start over to rewrite from scratch 250 251 Advocates a regressive value added tax I received a free advanced reader s copy of this book from the publisher through GoodReads GiveawaysI actually laughed out loud at several portions of this book which is always a good sign when you re talking about a tome regarding taxes Considering that our tax code itself runs in excess of 70000 pages no that s not a typo Yes it caused a LOL when I read it this is a delightfully compact book explaining everything that s wrong with that code andow we might improve on it Using real world examples of what to try and what not to try Reid makes a strong case for an overhaul of the US tax system that everyone but Congress and the tax preparation services companies can get behind Will it All About Light Rookie Read About Science happen Not a chance inell But if you want some solid information to use to lobby you. Yes yes and yes Can we cut tax rates and still bring in revenue YesOther rich countries from Estonia to New Zealand to the UK advanced Secrets Sequences (Secret Coders) high tech free market democraciesave all devised tax regimes that are euitable effective and easy on the taxpayer But the United States Sanando El Alma Eterna - Perspectivas de Vidas Pasadas y Regresion Espiritual has languished So byzantine are the current statutes that by our government's own estimates Americans spend six billionours and 10 billion every year preparing and filing their taxes In the Netherlands that task takes a mere fifteen minutes Successful American companies like Apple Caterpillar and Google effectively pay no tax at all in some instances because of loopholes that allow them to move profits offshor. .