How America was Tricked on Tax Policy. Bret N. Bogenschneider. Читать онлайн. Newlib. NEWLIB.NET

Автор: Bret N. Bogenschneider
Издательство: Ingram
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Жанр произведения: Бухучет, налогообложение, аудит
Год издания: 0
isbn: 9781785274299
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empirical evidence is collected on consumer prices and correlative tests performed on these supposed dynamic effects of corporate tax cuts.

      THE TAXATION OF WORKERS

      Justifications for why workers should always pay the taxes in society are easily found in libertarian, economic or liberal writings on tax and the supposed philosophy thereof. However, the conclusions of these philosophical writings are essentially all the same: it is right, good, fair, efficient or essential that workers pay all the taxes. Indeed, the conclusions are all so much the same that tax scholars no longer even attempt to distinguish the various types of philosophy relevant to taxation. No matter what you read, it will contain justifications for tax policy that are always premised on taxing workers.

      In the first, place, by the actual numbers, it is unrealistic to expect that workers could really pay any more in taxes than they already do. Although the respective terminology has not been widely adopted in the United States, in Europe tax scholars would say that workers lack the “ability to pay” any more in taxes than they already do because they lack the disposable funds to pay incremental taxes. Further taxes on workers would entail larger portions of American society becoming insolvent even while working multiple jobs. The taxation of workers has essentially been maximized to allow for the wealthy to accumulate the largest possible hordes of capital. Yet, the prior tax literature does not say, that tax policy is a trick designed to allow for the accumulations of capital that is premised on an illusion of progressivity, fairness and efficiency. These concepts actually have been created as a means to keep the workers paying unreasonable amounts of tax into the system. The truth is, the tax system is regressive, unfair and inefficient. One objective of this book is to attempt to shift tax discourse from discussions primarily among the wealthy about how to best justify an oppressive, inefficient and unfair tax system to various realistic discussions about how to improve the system for the benefit of the working people that comprise a democratic society.

      Existing tax policy literature is aimed at the wealthy—both individuals and corporations—and its purpose is to justify their accumulation of huge fortunes. This is to justify the concentration of wealth rather than a diffusion of wealth that is achieved primarily through the tax system. Some wealthy persons do feel guilty about not paying much in taxes while workers do. And moreover, the wealthy are able to complain loudly about tax policy to policymakers in government and the news media. Furthermore, many outspoken moral philosophers and economists claim to be experts in tax policy, but they often have little or no training in taxation and thus no idea about how the tax system works in actual practice. This combination of vociferous complaining by the wealthy about taxation and lay commentary on tax policy makes it possible for regular people who are trying to understand the tax system to believe that the wealthy pay taxes when they actually do not.

      The recent tax cuts targeted for large corporations have not been matched to any spending cuts, so tax policy wonks say they are not “revenue neutral.” Notably, the Tax Reform Act of 1986 was at least ostensibly revenue neutral, so it was not funded by increased deficits. The recent tax cuts are instead funded by increased government debt today, along with targeted tax increases on the middle class and tax increases on the working class, to be collected at some point either now or in the future. Therefore, the term “tax cuts” is not the right term to describe this state of affairs of tax cuts for large corporations funded by increased deficits; instead, this latter push toward increased deficits should be referred to as tax increases for workers either now or in the future. Sometime since the Reagan administration, the actual meaning of the words tax cuts has shifted so as to not include any offsets or future taxes necessary to repay additional debt incurred today. Future workers will be asked to pay interest and principal on the government debt taken on to fund today’s tax cuts for large corporations. The actual meaning of the words tax cuts has thereby been altered in the political discourse. The result is an Orwellian version of tax policy such that words no longer mean what they used to mean, even to politicians of the same political party.

      An overwhelming problem with this methodology is that workers cannot and should not be lumped into a class with the poor. The only reason to do so is that the wealthy view the world in this weird way where the categories of working and poor are understood as synonymous. The wealthy often view nonworkers (existing on government transfer payments, for example) as essentially the same as persons working but not earning much due to low wages. For their part, the blue-collar workers of America have no idea that the wealthy draw this false equivalency and view them in the same category as nonworkers. Furthermore, no economist has ever acknowledged the problem that the workers already pay the maximum amount of taxes they could possibly be expected to pay, via all sorts of different categories of taxation: wage withholding, income tax, sales tax, property tax, gasoline tax and a host of government fees. As such, it is practically impossible for additional taxes to be levied on workers without canceling out a supposed efficiency gain from new Pigouvian tax types that economists say arises from some other regressive tax already in force. In other words, Pigouvian taxes that cancel out other Pigouvian taxes cannot yield an efficiency gain because workers do not have an unlimited pool of funds from which to pay all of these taxes. In fact, there are limits on the taxes that workers can ultimately pay whether economists set out to identify those limits or not.

      NOTES

      3Tax Cuts and Jobs Act of 2017, Pub. L. No. 115–97. References to data on federal tax revenues and the corporate share of the tax base are from the U.S. Treasury Department data (Fiscal Year 2017) and Congressional Budget Office (CBO) estimates; CBO, Options for Reducing the Deficit (Dec. 2016), https://www.cbo.gov/publication/52142. Accessed Nov. 10, 2019.

      Federal income tax revenues derived from labor in comparison to business or investment, see: Jay Soled & Kathleen DeLaney Thomas, Automation and the Income Tax, 10:1 Columbia J. of Tax Law, 1, 7–17 (2019).