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 Business 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 Corporations 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
“But Nikki White was a citizen of the world’s richest country, the United States of America.” — 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 Burden 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
“It’s one of the finest highway networks in the world—and nobody seems to care that the basic idea was copied from the… — T.R. Reid Copy Share Image
“A lot of what we "know" about other nations' approach to health care is simply myth.” — T.R. Reid Health Copy Share Image
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 Farmers Copy Share Image
If your employer pays your health insurance, that's not counted as income to you. And any economist would say that's your income,… — T.R. Reid Economist 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 Champion 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
In the United States, unlike any other advanced democracy, money really talks. Our Supreme Court has said that spending money on politicians… — T.R. Reid Democracy 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 Ceremony 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 Choices 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
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 Business 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 Country Copy Share Image
“When I was traveling the world on my quest, I asked the health ministry of each country how many citizens had declared… — T.R. Reid Adventure 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
Mortgage is one of the most popular deductions. It costs the Treasury about $103 billion a year. Now that's money we could… — T.R. Reid Country 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 Country 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
“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 Flat tax Copy Share Image
“Believe me," Dr. Tamalet summed up, "if you wanted that operation in France, you could get it" Which is, of course, the… — T.R. Reid Financial loss 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 Country 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 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 Universal Laws of Health Care Systems: 1. "No matter how good the health care in a particular country, people will complain… — T.R. Reid Health 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
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 Country 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
You also get a deduction in America for taking a night school course, growing sugarcane, moving to a new city for a… — T.R. Reid Bicycle Copy Share Image
