What are the implications and likelihood of reform of the income tax system in the United States—specifically, the expansion and scope of the tax "expenditure" (loophole) system embedded in the income tax codes? This book details the tax system that now provides for more than 200 tax expenditures, highlighting the potential lost tax dollars.

• Makes the tax loophole system comprehensible for lay readers and explains the implications of reform of the income tax system in the United States

• Debunks the myth that tax expenditures only benefit the wealthy

• Presents informed predictions about the likelihood of changes to the tax code