The Rape of the Taxpayer Author:Philip M. Stern How would you feel about a Federal welfare program that gave each of America's 3,000 richest families $720,000 a year of your hard-earned money in annual welfare checks? — How would you feel if that welfare-for-the-rich program was costing you $77 billion a year - about $367 for every man, woman and child in America? — How would you feel if that w... more »elfare program causes tax rates to be nearly twice as high as they otherwise would be?
Well, such a welfare program exists today. Only it isn't called a "welfare" program. Its called the Internal Revenue Code - the tax law of the United States.
And you're the victim-in more ways than you know. For the truth is that, because of the loopholes for the rich, you're paying not just your own taxes but oil billionaire Jean Paul Getty's taxes too (for he pays almost no taxes himself, even though he makes $300,000 a day).
This superbly documented book gives chapter and verse on the loopholes that make up the "tax welfare" system for the rich. It names names and tell just who gets what out of the tax law-like Jean Paul Getty and auto heiress Mrs. Horace Dodge, who could have had $5 million of income without even having to file a tax return. If tells you how you helped pay for the $4 million of tax savings to baseball owner Robert Short that came to him from a cash outlay of just $1,000; how you also helped pay for a half-billion-dollar tax "gift" that Congress bestowed on IBM as well as a $14 million tax saving that Congress gave Lockheed Aircraft Coporation, via special tax law, all Lockheed's own.
You will also learn how substantial campaign contributions by rich corporations and individuals-at a tiny fraction of that it would cost them if they had to pay their fair share of taxes-buy them special favor with the Congressmen who write the tax laws, which helps explain why these laws are so unfairly rigged in favor of the rich. And you will learn too, how the balance of political power must and can be shifted in favor of you and the other victims of our tax system, so that you will pay only your own taxes and notes of the super-rich and the great corporations as well.« less