Principles of tax policy

The new edition of Principles of Tax Policy explains the essential building blocks of the American tax system clearly and concisely, including the effects of changes adopted in the Tax Cut and Jobs Act of 2017. Chapters range from the political process to individual and corporate income taxes, Social Security and other payroll taxes, state and local budgeting, and international tax planning. Each chapter opens with a brief description of the covered policy topic, providing a synopsis of the current state of the law. Ample footnotes provide easy access to articles and standard reference works allowing readers to dig deeper on their own.

How law is made -- How tax law is enforced -- History of American taxation -- Standards to judge the tax system -- Tax planning -- Economic theory -- Income taxation -- Consumption taxation -- Gift and estate taxation -- Payroll taxes -- Taxation of businesses -- International taxation -- State and local governments -- Charitable organizations -- Taxation of the family -- Taxation of race and class -- Incentives and disincentives -- What to do with tax revenue?