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Key tax rules

If someone does not pay taxes, or pays less than his or her share, someone else will have to make up the difference (p.24)

All tax laws distribute income. The issue is in what direction (p.9)

What Washington, DC says it is doing about taxes and what is really done, are seldom the same. (p.101)

When corporations pay a smaller share of overall taxes, individuals must make up the difference. (p.140)

For multinational corporations, the amount of taxes they pay is flexible; for small and medium sized U.S. businesses, it is mandatory. (p.190).

Special Interests abhor a tax-law vacuum. If the purpose for which a tax break originally was enacted no longer exists, new reasons will be found to perpetuate it. (p.236)

When a member of Congress, or an official in the executive branch of government, talks about “simplifying”  the tax code, hold on to your wallet. (p.251)

When members of Congress talk about cutting federal spending and enacting new federal programs, they are raising your local and state taxes. (p.293)

These “tax rules’’ were excerpted for a graduate class at TESC by Dan Leahy from America: Who Really Pays the Taxes, by Donald Barlett and James Steele, March 1994.

A list of tax legislation passed since then shows the continuing applicability of the rules: 

Tax cuts and Jobs Act of 2017—Protecting Americans from Tax Hikes Act of 2015, – Tax Increase Prevention Act of 2014—American Taxpayer Relief Act of 2012 – Middle-Class Tax Relief and Job Creation Act of 2012….and so on.

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