David Cay Johnston has published Master Limited Partnerships: Paying Other People's Taxes, 127 Tax Notes 1393 (June 21, 2010):

Johnston reveals how the fine print of a federal regulation forces people to pay the individual income taxes of others and how this policy could easily be expanded to siphon billions of dollars per year from consumers.

 

[Click on chart to enlarge.]  Taxes should not be hidden, as David Ricardo and Adam Smith taught. They should also not be shifted from those who gain to those who are captive customers of monopolies. But the trend in America under both parties is away from markets and toward a subtle expansion of corporate socialism, under which profits are concentrated through government action and losses are socialized through bailouts. Now we have income tax burdens forcibly shifted from the wealthy few to the many through regulation.

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