The United States has $1 trillion and growing “underground economy” in which no taxes are paid. According to a new book, “Class Tax Mass Tax: America and Its Underground Economy,” unreported income in America is now greater than the total economies of all but fifteen other countries.
Author Peter Rush, a public affairs expert, former journalist and small business owner, places the blame for America’s mammoth tax evasion squarely on the United States Congress and the Internal Revenue Service.
In his book, “Class Tax Mass Tax: America and Its Underground Economy,” Rush cites example after example of how congressional tax laws written by the special interests discriminate against hard-working American families. He explains how loopholes for wealthy individuals and corporations and social engineering have combined to create a tax code that is incomprehensible to the common person. He notes that this trend has accelerated in recent years as federal and state spending has ballooned. Further, Rush explains how the recession and the tax burden on the average American has led to an increase in tax avoidance.
According to Rush, tax evasion in the U.S. has boomed in recent years because federal and state spending has skyrocketed and individual taxpayers have come to the conclusion that politicians cannot be trusted to spend money wisely.
Read the rest here.