It used to be that we taxed property - zapped farmers basically. And there were very rich people who didn't pay that… — T.R. Reid Copy Share Image
France, they're the world champion at soaking the rich on taxes. And at one point, they had what they called a hyper… — T.R. Reid Copy Share Image
Professor Eric Zolt of UCLA, said to me, "The VAT is such a good idea, mark my words, within five years, the… — T.R. Reid Copy Share Image
The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect,… — T.R. Reid Copy Share Image
Corporations use all sorts of complex stratagems to move their profits overseas, and thus escape the U.S. income tax. — T.R. Reid Copy Share Image
If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates. — T.R. Reid Copy Share Image
Relative to the world's other advance democracies, Americans get off easy on tax day. Of the 35 richest countries, the U.S. ranks… — T.R. Reid Copy Share Image
When it comes to taxation, Americans are still banging out letters on a typewriter and dropping them in the mail box while… — T.R. Reid Copy Share Image
The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect,… — T.R. Reid Copy Share Image
It was an easy thing to tax for a young country. And then gradually we moved to property taxes, manufacturing taxes, and… — T.R. Reid Copy Share Image
The income tax only taxed the Rockefellers, the Morgans and the Vanderbilts. It was aimed at the top 4 percent, and the… — T.R. Reid Copy Share Image
Our tax code becomes so absurdly complex every 32 years that we have no choice but to scrap it and re-write. The… — T.R. Reid Copy Share Image
We cut tax exemptions in 1986, it was the most admired tax reform in U.S. history. Congress and the president worked together… — T.R. Reid Copy Share Image
I really like the idea of consumption tax, and most countries have a pretty serious consumption tax. It's called a value-added tax… — T.R. Reid Copy Share Image
Starting in the '80s or so, after the United States sharply cut its rates, other countries decided they better do it too,… — T.R. Reid Copy Share Image
It turns out a VAT - a value-added tax - is a very easy tax to collect and a very hard tax… — T.R. Reid Copy Share Image
“Does the flat tax work?...The flat tax works in a country that is a former Communist state, with no investment capital, and… — T.R. Reid Copy Share Image
The higher the rate, the more interest there is in avoiding the tax. Either you move or you shift your profits overseas,… — T.R. Reid Copy Share Image
The U.S. has the most complicated and difficult tax system in the world; we've made it hard to file and pay taxes. — T.R. Reid Copy Share Image
We have the most expensive compliance system in the world. The IRS brags that they spend 35 cents for every $100 they… — T.R. Reid Copy Share Image
President Trump repeatedly says that "America is the highest-taxed country in the world." This is an alternative fact. We pay less in… — T.R. Reid Copy Share Image
Americans spend about 6 billion hours a year collecting the data and filling out the forms. We spend $10 billion to H&R… — T.R. Reid Copy Share Image
There's a tradeoff. Yeah, I lose the deduction that I really like, but my tax rate is going to go down, and… — T.R. Reid Copy Share Image
If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So… — T.R. Reid Copy Share Image
We have the most expensive compliance system in the world. The IRS brags that they spend 35 cents for every $100 they collect. They're… — T.R. Reid Copy Share
President Trump repeatedly says that "America is the highest-taxed country in the world." This is an alternative fact. We pay less in taxes, and… — T.R. Reid Copy Share
The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a… — T.R. Reid Copy Share
“When I was traveling the world on my quest, I asked the health ministry of each country how many citizens had declared bankruptcy in… — T.R. Reid Copy Share
When it comes to taxation, Americans are still banging out letters on a typewriter and dropping them in the mail box while everybody else… — T.R. Reid Copy Share
If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates. — T.R. Reid Copy Share
If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple… — T.R. Reid Copy Share
It turns out a VAT - a value-added tax - is a very easy tax to collect and a very hard tax to evade.… — T.R. Reid Copy Share
Corporations use all sorts of complex stratagems to move their profits overseas, and thus escape the U.S. income tax. — T.R. Reid Copy Share
The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a… — T.R. Reid Copy Share
“But Nikki White was a citizen of the world’s richest country, the United States of America.” — T.R. Reid Copy Share
Starting in the '80s or so, after the United States sharply cut its rates, other countries decided they better do it too, and here's… — T.R. Reid Copy Share
If your employer pays your health insurance, that's not counted as income to you. And any economist would say that's your income, because they'd… — T.R. Reid Copy Share
You also get a deduction in America for taking a night school course, growing sugarcane, moving to a new city for a job, replanting… — T.R. Reid Copy Share
Professor Eric Zolt of UCLA, said to me, "The VAT is such a good idea, mark my words, within five years, the U.S. will… — T.R. Reid Copy Share
