LEADER 03470nam 2200445Ia 450 001 9910148687703321 005 20180419091045.0 010 $a979-84-00-69862-0 010 $a979-82-16-12997-4 024 7 $a10.5040/9798400698620 035 $a(CKB)3710000000918106 035 $a(MiAaPQ)EBC4731148 035 $a(OCoLC)1388646788 035 $a(UkLoBP)BP9798400698620BC 035 $a(EXLCZ)993710000000918106 100 $a20230825e20162023 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 14$aThe politics of loopholes $ethe improbable prospects for U.S. tax reform /$fJohn F. Witte 205 $a1st ed. 210 1$cPraeger,$d2016. 210 2$aNew York :$cBloomsbury Publishing (US),$d2023. 215 $a1 online resource (211 pages) $cillustrations, tables 311 08$aOnline version: Witte, John F., author. Politics of loopholes Santa Barbara, California : Praeger, [2017] 9781440843426 (DLC) 2016046372 320 $aIncludes bibliographical references and index. 327 $aList of Tables and Figures Preface Acknowledgments ONE: Introduction TWO: Tax Reform in Theory and Practice THREE: A Brief Thematic History of the Income Tax FOUR: Tax Expenditures (Loopholes) FIVE: Tax Expenditures and Economic Behavior SIX: Tax Expenditures for Human Resources and Income Support SEVEN: Tax Expenditures for Intergovernmental Transactions and Special Groups EIGHT: Using the Tax System for Nonrevenue Public Policies Bibliography Index 330 $aWhat are the implications and likelihood of reform of the income tax system in the United States-specifically, the expansion and scope of the tax "expenditure" (loophole) system embedded in the income tax codes? This book details the tax system that now provides for more than 200 tax expenditures, highlighting the potential lost tax dollars. Income tax policy and politics is an inherently complex and potentially confusing topic. This book makes the tax loophole system understandable for those without in-depth knowledge about taxes. It explains what our tax system looks like, why it is set up as it is, and what effects it has on raising revenue (and thus deficits) and the furtherance of other policy goals. Additionally, it explains why, despite popular and political desires, a significant overhaul of the tax system is very unlikely to be enacted: because tax expenditures (otherwise known as loopholes) benefit all Americans in some way and are supported as policy by both political parties. Written by John F. Witte, an established expert in tax policy and policy analysis, the book provides a balanced viewpoint that discusses the implications of reform of the income tax system in the United States, demonstrates the range of individuals who are affected by various provisions, and identifies what effects loopholes have on policy goals. Readers will see how both political parties are responsible for the creation and expansion of various loopholes, understand why many of these provisions make sound policy sense, and grasp how the tax code is affected by political desires and policy goals. 606 $aLaw$2bicssc 615 7$aLaw 676 $a336.24/150973 700 $aWitte$b John F.$01126046 801 0$bUkLoBP 801 1$bUkLoBP 906 $aBOOK 912 $a9910148687703321 996 $aThe politics of loopholes$92887195 997 $aUNINA