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This book is about the many ways that corporations extract from you... extra nickels—which add up to thousands of dollars. Many of the mechanisms req… - David Cay Johnston
" "This book is about the many ways that corporations extract from you... extra nickels—which add up to thousands of dollars. Many of the mechanisms require the government's cooperation; some... the result of seemingly disconnected sources; others are hidden in plain site. ...It's in the fine print.
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About David Cay Johnston
(born December 24, 1948) is an American investigative journalist and author specializing in economics and tax issues. He won the 2001 , and from 2009 to 2016 he was a Distinguished Visiting Lecturer at Syracuse University, Martin J. Whitman School of Management and College of Law, teaching tax, property, and regulatory law of the ancient world. From 2011 to 2012 he was a columnist for , writing, and producing video commentaries on worldwide issues of tax, accounting, economics, public finance and business. In recent years he has also written for and , and is the board president of , Inc. (IRE).
Also Known As
Birth Name:
David Cay Boyle Johnston
Alternative Names:
DC Report
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Additional quotes by David Cay Johnston
After the Sixteenth Amendment... the federal government... enacted a regime to tax incomes, gifts and estates... with the explicit promise that the basic means of sustaining life would not be taxed. The original tax regime applied only to the economic elite, to... "surplus" incomes. ...[I]ncome from capital was taxed more heavily ...in the belief that it was morally offensive to take more from money earned by the sweat of one's brow ...
We are... seeing... failure to enforce the law. I have written for 15 years about a way that real estate in partnerships cheat. It's easy to spot but you have to do the work... The guy who figured it out was given all sorts of awards by the IRS. No one will do it. The governor of New York, who should be in the forefront... because it costs the state as much as $700 million in a peak year, refuses to do this, and... his administration has... literally lied, claiming repeatedly that they're looking for this, but there's no court case of any kind.
Usury laws that protected consumers against rapacious lenders existed until 1978. Now they are gone because of a Supreme Court decision. ...[O]ur government has set forth onerous new rules that reward those who prey on the poor. ...These lenders, or their fronts, can now charge rates and impose penalties that were illegal, even criminal, a generation ago.
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