TaxProf Blog: Johnston: Trust, but verify

David Cay Johnston has published Trust, but Verify, 120 Tax Notes 485 (Aug. 4, 2008):

New data, not yet published by the IRS, establish beyond a doubt that America has two income tax systems, separate and unequal. One system effectively taxes people with wages, while the other system is a sieve of untaxed income for investors and business owners.

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