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To pay for World War I... [t]he estate tax and the gift tax, which apply to wealth, were expanded and the income tax came to apply to a larger, but s… - David Cay Johnston
" "To pay for World War I... [t]he estate tax and the gift tax, which apply to wealth, were expanded and the income tax came to apply to a larger, but still minute, percentage of Americans.
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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).
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Birth Name:
David Cay Boyle Johnston
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DC Report
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Additional quotes by David Cay Johnston
[L]ess than a century after its adoption, the tax system is being turned on its head. Since at least 1983 it has become the explicit, but unstated, policy... to let the richest Americans pay a smaller portion of their incomes in taxes and to defer more of their taxes... a stealth tax cut, while collecting more in taxes from... the middle class.
[W]e've had this tremendous weakening of the news media, so that [many] large federal agencies... have no beat reporters... covering them. We have city councils and school boards all across America that get no coverage... and this is terrific for those people who are getting rich by exploiting the rules of the system for their benefit; and you're not hearing about that.
I... watched Trump run briefly in 2000 for the nomination of the Reform Party... during that brief campaign Trump declared he would become the first person to run for president and make a profit. ...For the 2016 run, a large share of Trump's campaign money was spent paying himself for the use of his Boeing 757... in addition to his smaller jet, his helicopter, his Trump Tower office space, and other services supplied by Trump businesses.
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