--- title: "3 Lower Rates Quotes By T.R. Reid" description: "3 Lower Rates quotes by T.R. Reid. Plus more from T.R. Reid and more Lower Rates sayings from other authors." image: "https://sms4smile.com/quotes/i/a39/t-r-reid-18579_rate_if-you-get-rid-of-all-these-giveaways-an_520231.jpg" --- > [If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates.](https://sms4smile.com/quotes/t-r-reid/if-you-get-rid-of-all-these-giveaways-and-loopholes-and-deductions/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) [Image](https://sms4smile.com/quotes/i/a39/t-r-reid-18579_rate_if-you-get-rid-of-all-these-giveaways-an_520231.jpg) > [Starting in the '80s or so, after the United States sharply cut its rates, other countries decided they better do it too,…](https://sms4smile.com/quotes/t-r-reid/starting-in-the-80s-or-so-after-the-united-states-sharply-cut-its/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) [Image](https://sms4smile.com/quotes/i/a16/t-r-reid-18579_accepting_starting-in-the-80s-or-so-after-the-unit_973031.jpg) > [There's a tradeoff. Yeah, I lose the deduction that I really like, but my tax rate is going to go down, and…](https://sms4smile.com/quotes/t-r-reid/there-s-a-tradeoff-yeah-i-lose-the-deduction-that-i-really-like-but/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) [Image](https://sms4smile.com/quotes/i/624/t-r-reid-18579_country_there-s-a-tradeoff-yeah-i-lose-the-deduc_1757745.jpg) ## More by T.R. Reid > [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…](https://sms4smile.com/quotes/t-r-reid/we-have-the-most-expensive-compliance-system-in-the-world-the-irs/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [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…](https://sms4smile.com/quotes/t-r-reid/president-trump-repeatedly-says-that-america-is-the-highest-taxed/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [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…](https://sms4smile.com/quotes/t-r-reid/the-value-added-tax-a-sales-tax-that-applies-at-every-level-of/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [“When I was traveling the world on my quest, I asked the health ministry of each country how many citizens had declared bankruptcy in…](https://sms4smile.com/quotes/t-r-reid/when-i-was-traveling-the-world-on-my-quest-i-asked-the-health/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [When it comes to taxation, Americans are still banging out letters on a typewriter and dropping them in the mail box while everybody else…](https://sms4smile.com/quotes/t-r-reid/when-it-comes-to-taxation-americans-are-still-banging-out-letters-on/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates.](https://sms4smile.com/quotes/t-r-reid/if-you-get-rid-of-all-these-giveaways-and-loopholes-and-deductions/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [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…](https://sms4smile.com/quotes/t-r-reid/if-you-ask-any-economist-they-ll-tell-you-all-the-mortgage-interest/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [It turns out a VAT - a value-added tax - is a very easy tax to collect and a very hard tax to evade.…](https://sms4smile.com/quotes/t-r-reid/it-turns-out-a-vat-a-value-added-tax-is-a-very-easy-tax-to-collect/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [Corporations use all sorts of complex stratagems to move their profits overseas, and thus escape the U.S. income tax.](https://sms4smile.com/quotes/t-r-reid/corporations-use-all-sorts-of-complex-stratagems-to-move-their/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [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…](https://sms4smile.com/quotes/t-r-reid/the-value-added-tax-a-sales-tax-that-applies-at-every-level-of-2/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [“But Nikki White was a citizen of the world’s richest country, the United States of America.”](https://sms4smile.com/quotes/t-r-reid/but-nikki-white-was-a-citizen-of-the-world-s-richest-country-the/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [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…](https://sms4smile.com/quotes/t-r-reid/starting-in-the-80s-or-so-after-the-united-states-sharply-cut-its/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [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…](https://sms4smile.com/quotes/t-r-reid/if-your-employer-pays-your-health-insurance-that-s-not-counted-as/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [You also get a deduction in America for taking a night school course, growing sugarcane, moving to a new city for a job, replanting…](https://sms4smile.com/quotes/t-r-reid/you-also-get-a-deduction-in-america-for-taking-a-night-school-course/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) > [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…](https://sms4smile.com/quotes/t-r-reid/professor-eric-zolt-of-ucla-said-to-me-the-vat-is-such-a-good-idea/) [T.R. Reid](https://sms4smile.com/quotes/author/t-r-reid/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/lower-rates/t-r-reid/#itemlist", "name": "3 Lower Rates Quotes By T.R. Reid", "numberOfItems": 3, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates.", "creator": { "@type": "Person", "name": "T.R. Reid" }, "url": "https://sms4smile.com/quotes/t-r-reid/if-you-get-rid-of-all-these-giveaways-and-loopholes-and-deductions/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a39/t-r-reid-18579_rate_if-you-get-rid-of-all-these-giveaways-an_520231.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a39/t-r-reid-18579_rate_if-you-get-rid-of-all-these-giveaways-an_520231.jpg", "url": "https://sms4smile.com/quotes/i/a39/t-r-reid-18579_rate_if-you-get-rid-of-all-these-giveaways-an_520231.jpg", "width": 1080, "height": 1080, "caption": "“If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower…” — T.R. Reid", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "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 how you do it: you just wipe out the exemptions, the deductions, the credits, the depreciation allowances. And people complain, \"Oh my God, it's terrible,\" but you give them much lower rates and you give them an easier form to file, and people accept that tradeoff.", "creator": { "@type": "Person", "name": "T.R. Reid" }, "url": "https://sms4smile.com/quotes/t-r-reid/starting-in-the-80s-or-so-after-the-united-states-sharply-cut-its/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a16/t-r-reid-18579_accepting_starting-in-the-80s-or-so-after-the-unit_973031.jpg", "contentUrl": "https://sms4smile.com/quotes/i/a16/t-r-reid-18579_accepting_starting-in-the-80s-or-so-after-the-unit_973031.jpg", "url": "https://sms4smile.com/quotes/i/a16/t-r-reid-18579_accepting_starting-in-the-80s-or-so-after-the-unit_973031.jpg", "width": 1080, "height": 1080, "caption": "“Starting in the '80s or so, after the United States sharply cut its rates, other countries decided they…” — T.R. Reid", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "There's a tradeoff. Yeah, I lose the deduction that I really like, but my tax rate is going to go down, and I don't have to fill out that form anymore. It's much simpler, rates are lower, and that tradeoff has worked in many countries. Many countries have just cleaned house of all those exemptions in order to provide lower rates, and people buy it.", "creator": { "@type": "Person", "name": "T.R. Reid" }, "url": "https://sms4smile.com/quotes/t-r-reid/there-s-a-tradeoff-yeah-i-lose-the-deduction-that-i-really-like-but/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/624/t-r-reid-18579_country_there-s-a-tradeoff-yeah-i-lose-the-deduc_1757745.jpg", "contentUrl": "https://sms4smile.com/quotes/i/624/t-r-reid-18579_country_there-s-a-tradeoff-yeah-i-lose-the-deduc_1757745.jpg", "url": "https://sms4smile.com/quotes/i/624/t-r-reid-18579_country_there-s-a-tradeoff-yeah-i-lose-the-deduc_1757745.jpg", "width": 1080, "height": 1080, "caption": "“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", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/lower-rates/t-r-reid/#webpage", "url": "https://sms4smile.com/quotes/about/lower-rates/t-r-reid/", "name": "Lower Rates Quotes by T.R. Reid", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/lower-rates/t-r-reid/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/a39/t-r-reid-18579_rate_if-you-get-rid-of-all-these-giveaways-an_520231.jpg" }, "description": "3 Lower Rates quotes by T.R. Reid. Plus more from T.R. Reid and more Lower Rates sayings from other authors.", "breadcrumb": { "@id": "https://sms4smile.com/quotes/about/lower-rates/t-r-reid/#breadcrumb" } }, { "@type": "BreadcrumbList", "@id": "https://sms4smile.com/quotes/about/lower-rates/t-r-reid/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Topics", "item": "https://sms4smile.com/quotes/categories/" }, { "@type": "ListItem", "position": 4, "name": "Lower Rates", "item": "https://sms4smile.com/quotes/about/lower-rates/" }, { "@type": "ListItem", "position": 5, "name": "T.R. Reid", "item": "https://sms4smile.com/quotes/about/lower-rates/t-r-reid/" } ] }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```