Taxing Ourselves: A Citizen's Guide to the Debate over Taxes.Joel Slemrod of the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. and Jon Bakija of Williams College Williams College, at Williamstown, Mass.; coeducational; chartered 1785, opened as a free school 1791, became a college 1793, named for Ephraim Williams. The Williams campus, noted for its fine old buildings, includes West College (1790), the Van Rensselaer Manor have updated a helpful, accessible guide to the coming debate over taxes. Taxing Ourselves: A Citizen's Guide to the Debate over Taxes is designed to bridge the gap between catching but substance-fee sound bites and sometimes somnolent som·no·lent adj. 1. Drowsy; sleepy. 2. Inducing or tending to induce sleep; soporific. 3. In a condition of incomplete sleep; semicomatose. academic treatises. In straightforward, nontechnical language, it addresses the key issues in tax reform, including who should pay taxes, how taxes affect the economy, and whether to reform, repair, or replace the current system. Among the alternatives considered are flat taxes and sales taxes sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. . The third edition of this guide is published by MIT MIT - Massachusetts Institute of Technology Press. Its analysis of the tax law is current through only May 2003, but the changes of the last 18 months have not changed the fundamentals of core issues such as the role of tax policy (and tax cuts) in stimulating the economy, savings incentives, double taxation of corporate income, the estate tax, corporate tax shelters, and the political and economic effects of budget deficits. The $29.95, 382-page book is available in bookstores for from MIT Press (http://mitpress@mit.edu). |
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