David Cay Johnston - Journalists are missing one of the biggest stories in America
"the saga of how new laws and regulations are promoting monopolies, duopolies and oligopolies, to the massive detriment of consumers."
http://www.mediachannel.org/missing-the-story/
"Imagine what a great story you would have if Congress had enacted a sneaky law to make you give other people money to pay their income taxes. Now imagine that Congress exempted from the income tax the very people who got this money.
Well, that is just what happens with one industry, thanks to so-called deregulation. You and everyone else pay this tax every time you put gas in your car. The most astonishing part of this tax story is that it is imposed not by Congress, but by regulation.
The simple story is that Congress in 1986 exempted monopoly pipelines from the corporate income tax if they organized themselves as Master Limited partnerships. The George W. Bush administration then let these pipelines include the nonexistent tax in the rates they charge."
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Last edited Fri Apr 5, 2013, 04:22 PM - Edit history (1)
Highly recommend it---even though he's a former republican. He knows exactly how and why we are getting screwed.
http://www.amazon.com/Perfectly-Legal-Campaign-Rich---Everybody/dp/1591840694/ref=sr_1_3?s=books&ie=UTF8&qid=1365193235&sr=1-3&keywords=david+cay+johnston
Edited for making mistake on title---sorry Mr. Johnston!!!! 
And you even narrate one 
Glad ta have ya aboard !!!
Huge mistake..I meant Perfectly Legal...I even bought a copy for my republican in-laws as an xmas gift.
So sorry---I do know who you are and your book was highly informative. I never knew the alternative minimum tax existed until I read it.
