Fiscal Disparities Uncovering The Injustices Of The US Tax Code(1st Edition)
Authors:
Edward Cao
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ISBN: 979-8862406733
Book publisher: Independently published
Fiscal Disparities Uncovering The Injustices Of The US Tax Code 1st Edition Summary: It sometimes takes a national crisis to bring to light major shortcomings in our national structure, and the pandemic did this with regards to wealth inequality, exasperating it to inconceivable levels. There are many factors that contribute to this economic divide including a high cost of living and stagnant wages, but at the heart of wealth inequality is the issue of taxes. Taxes remain one of the most overlooked topics when it comes to social mobility and equality. They are the driving forces of our government, funding essential services and basic needs for all citizens. In an idealized tax system, the rich would pay a greater percentage of their wealth to taxes and the poor would pay less. However, the US’s tax code is set up specifically to benefit the rich, who are the single greatest influence in our government. Changing that first requires an understanding of the different inequalities in place.
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