This books is an invaluable primer for everyone who wants to become more informed about tax policy and excellent for tax policy courses. It discusses and evaluates revisions to the tax law, including the Tax Cuts and Jobs Act, passed at the end of 2017. It is engagingly written, making the complex clear.

This second edition covers new income tax law in place, including the Tax Cuts and Jobs Act passed at the end of 2017 and includes a new chapter on the insights behavioral economics brings to tax policy.