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…

— 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…

— 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,…

— 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…

— 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…

— T.R. Reid

If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates.

— 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…

— T.R. Reid

It turns out a VAT - a value-added tax - is a very easy tax to collect and a very hard tax…

— T.R. Reid

Corporations use all sorts of complex stratagems to move their profits overseas, and thus escape the U.S. income tax.

— 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,…

— T.R. Reid

“But Nikki White was a citizen of the world’s richest country, the United States of America.”

— 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,…

— 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,…

— 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…

— 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…

— T.R. Reid

“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

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

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

“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

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

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

“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

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

“A lot of what we "know" about other nations' approach to health care is simply myth.”

— T.R. Reid

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