A majority of Americans are dissatisfied with the current income tax
system. They complain that taxes are too high, complicated, difficult,
unfair, and sometimes intrusive to enforce. Yet how should the system be
fixed? In
Taxing Ourselves, Joel Slemrod and Jon Bakija offer a
guide to the tax reform debate in clear, nontechnical language without
misleading the reader with oversimplifications. The second edition takes
account of tax developments through 1998, examines recent research on
the economic impact of taxation, and includes a new appendix containing
the key statistics on the U.S. tax system throughout its history.
The book gives a historical perspective on taxation in the United States
along with a concise description of our current federal income tax
system. It reviews basic criteria by which tax policy should be judged
and examines how the tax burden is distributed and what is known about
the economic effects of taxation. The book then covers the key elements
of various tax reform proposals, including a single rate, a clean base,
and a consumption base. The book closes with a voter's guide to tax
reform for the concerned citizen to keep handy when the rhetoric heats
up--as it inevitably will during the 2000 presidential campaign--to help
separate fact from fiction and reality from campaign promises.
Joel Slemrod is Paul W. McCracken Collegiate Professor of Business
Economics and Public Policy and Director of the Office of Tax Policy
Research at the University of Michigan. Jon Bakija is Assistant
Professor of Economics at Williams College.