The Death of the Income Tax

Daniel S. Goldberg is Professor of Law (Taxation) at the University of Maryland Francis King Carey School of Law. He has served as the Professor-in-Residence for the National Office of the Internal Revenue Service and has practiced tax law as Of Counsel with law firms in Washington DC and Baltimore. He lives in Chevy Chase, Maryland.

Introduction ; PART I ; The Problem: The Income Tax is Broken ; Chapter 1-What is the Income Tax and Why is it Broken? ; Chapter 2-Taxing Income is a Flawed Concept ; Chapter 3-Tax Planning Under the Income Tax ; Chapter 4-Progressive Taxation ; Chapter 5-Tax Expenditures ; Chapter 5 Appendix-Kingdom of PAL:A Parable of Tax Expenditures, Tax Shelters, and the Passive Activity Loss Rules. ; Chapter 6-The Alternative Minimum Tax (AMT): An Admission of Failure ; Chapter 7-The Intractable Problem of Tax Cheating ; Chapter 8-The Deadweight Cost of the Personal Income Tax ; PART II ; The Solution ; Chapter 9-Tax Consumption Instead of Income ; Chapter 10-Individual Level Consumption Taxes ; Chapter 11-Business Level Consumption Taxes ; Chapter 12-The Current Internal Revenue Code: An Income Tax, a Consumption Tax, or a Hybrid? ; Chapter 13-An Introduction to an Integrated Two-Tier Consumption Tax ; Chapter 14-e-Tax: An Electronically Collected Progressive Consumption Tax as the Successor to the Income Tax ; Chapter 15-e-Tax Redux: Special Considerations ; Chapter 16-Transition to e-Tax ; Conclusion and Prospects for Change ; Appendix A-Tax-inclusive Rate vs. Tax-exclusive Rate and Gross-up ; Production and Consumption Charts-Simplified Production and Consumption Cycle, and Flow of Income & Expenditures Cycle