Perfectly Legal

Author: David Cay Johnston
Publisher: Penguin
ISBN: 9781101216224
Format: PDF, ePub, Mobi
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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.

Perfectly Legal

Author: David C. Johnston
Publisher: Penguin
ISBN: 9781591840695
Format: PDF, ePub
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Identifies practices of discreet lobbying and tax policy manipulation that have been occurring since the mid 1970s and how they have resulted in benefits for the wealthiest people in American society, identifying ways in which the working class is being made to pay the majority of the nation's income taxes. Reprint.

Free Lunch

Author: David Cay Johnston
Publisher: Penguin
ISBN: 1101216514
Format: PDF
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The bestselling author of Perfectly Legal returns with a powerful new exposé How does a strong and growing economy lend itself to job uncertainty, debt, bankruptcy, and economic fear for a vast number of Americans? Free Lunch provides answers to this great economic mystery of our time, revealing how today's government policies and spending reach deep into the wallets of the many for the benefit of the wealthy few. Johnston cuts through the official version of events and shows how, under the guise of deregulation, a whole new set of regulations quietly went into effect-- regulations that thwart competition, depress wages, and reward misconduct. From how George W. Bush got rich off a tax increase to a $100 million taxpayer gift to Warren Buffett, Johnston puts a face on all of the dirty little tricks that business and government pull. A lot of people appear to be getting free lunches, but of course there's no such thing as a free lunch, and someone (you, the taxpayer) is picking up the bill. Johnston's many revelations include: How we ended up with the most expensive yet inefficient health-care system in the world How homeowners title insurance became a costly, deceitful, yet almost invisible oligopoly How our government gives hidden subsidies for posh golf courses How Paris Hilton's grandfather schemed to retake the family fortune from a charity for poor children How the Yankees and Mets owners will collect more than $1.3 billion in public funds In these instances and many more, Free Lunch shows how the lobbyists and lawyers representing the most powerful 0.1 percent of Americans manipulated our government at the expense of the other 99.9 percent. With his extraordinary reporting, vivid stories, and sharp analysis, Johnston reveals the forces that shape our everyday economic lives and shows us how we can finally make things better. From the Hardcover edition.

The Fine Print

Author: David Cay Johnston
Publisher: Portfolio
ISBN: 1591846536
Format: PDF, ePub
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The Pulitzer Prize-winning author of Perfectly Legal and Free Lunch presents a sobering analysis of the ways everyday people are systematically victimized by corporate interests, revealing small-print tactics in commonplace consumer agreements while sharing recommendations for how to combat consumer-targeting abuses.

10 Excellent Reasons Not to Hate Taxes

Author: Stephanie Greenwood
Publisher: New Press, The
ISBN: 1595581618
Format: PDF, ePub
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An accessible volume of writings by education, economy, and environmental experts poses arguments for the value and necessity of taxes, sharing progressive opinions about how the tax code can be transformed into a tool for social justice. Original.

We Hold These Truths to Be Self Evident

Author: Kenneth N. Addison
Publisher: University Press of America
ISBN: 9780761843313
Format: PDF, Docs
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'We hold these truths to be self evident_' An Interdisciplinary Analysis of the Roots of Racism and Slavery in America delves into the philosophical, historical, socio/cultural and political evolution of racism and slavery in America. The premise of this work is that racism and slavery in America are the result of an unintentional historical intertwining of various Western philosophical, religious, cultural, social, economic, and political strands of thought that date back to the Classical Era. These strands have become tangled in a Gordian knot, which can only be unraveled through the bold application of a variety of multidisciplinary tools. By doing so, this book is intended help the reader understand how the United States, a nation that claims 'all men are created equal,' could be responsible for slavery and the intractable threads of racism and inequality that have become woven into its cultural the fabric.

Divided

Author: David Cay Johnston
Publisher: The New Press
ISBN: 1620970856
Format: PDF, ePub, Docs
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"The issue of inequality has irrefutably returned to the fore, riding on the anger against Wall Street following the 2008 financial crisis and the concentration of economic and political power in the hands of the super-rich. The Occupy movement made the plight of the 99 percent an indelible part of the public consciousness, and concerns about inequality were a decisive factor in the 2012 presidential elections. How bad is it? According to Pulitzer Prize-winning journalist David Cay Johnston, most Americans, in inflation-adjusted terms, are now back to the average income of 1966. Shockingly, from 2009 to 2011, the top 1 percent got 121 percent of the income gains while the bottom 99 percent saw their income fall. Yet in this most unequal of developed nations, every aspect of inequality remains hotly contested and poorly understood. Divided collects the writings of leading scholars, activists, and journalists to provide an illuminating, multifaceted look at inequality in America, exploring its devastating implications in areas as diverse as education, justice, health care, social mobility, and political representation. Provocative and eminently readable, here is an essential resource for anyone who cares about the future of America--and compelling evidence that inequality can be ignored only at the nation's peril. "--

Postindustrial Peasants

Author: Kevin Leicht
Publisher: Macmillan
ISBN: 9780716757658
Format: PDF, ePub, Docs
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By most accounts the economic vigor of the United States is unprecedented. Despite this collective wealth, the American middle class is struggling to live the American dream. Indeed, there are many similarities between the modern middle class, peasants in feudal societies, and sharecroppers in agrarian societies. Postindustrial Peasants describes the current plight of the middle class, then offers a multi-level recommendation designed to encourage an active response to the development of the modern "postindustrial peasant." This new work can used in a variety of classes, including Intro to sociology, social problems, culture, history, and American studies.

The Betrayal of Work

Author: Beth Shulman
Publisher: The New Press
ISBN: 1595587292
Format: PDF, ePub
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Following its publication in hardcover, the critically acclaimed Betrayal of Work became one of the most influential policy books about economic life in America; it was discussed in the pages of Newsweek, Business Week, Fortune, the Washington Post, Newsday, and USA Today, as well as in public policy journals and in broadcast interviews, including a one-on-one with Bill Moyers on PBS’s NOW. The American Prospect’s James K. Galbraith’s praise was typical: “Shulman’s slim and graceful book is a model combination of compelling portraiture, common sense, and understated conviction.” Beth Shulman’s powerfully argued book offers a full program to address the injustice faced by the 30 million Americans who work full time but do not make a living wage. As the influential Harvard Business School newsletter put it, Shulman “specifically outlines how structural changes in the economy may be achieved, thus expanding opportunities for all Americans.” This edition includes a new afterword that intervenes in the post-election debate by arguing that low-wage work is an urgent moral issue of our time.

Temples of Chance

Author: David Johnston
Publisher: Doubleday Books
ISBN: 9780385419208
Format: PDF, Docs
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An account of how, in the 1980s, the junk bond kings usurped mob control of the casino industry discusses corruption in the industry and the role of the U.S. government in that corruption. National ad/promo.