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Complicated Quote by 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.” quote by T.R. Reid — Download Open 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.”

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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…

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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 our government spends less, as a share of our total wealth, than our counterparts in Western Europe and East Asia. But Trump is right when it comes to corporate tax rates; the U.S. corporate income tax…

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 hard tax to evade.

“When I was traveling the world on my quest, I asked the health ministry of each country how many citizens had declared bankruptcy in the past year because of medical bills. Generally, the officials responded to this question with a look of astonishment, as if I had asked how many flying saucers from Mars landed in the ministry’s parking lot…

When it comes to taxation, Americans are still banging out letters on a typewriter and dropping them in the mail box while everybody else…

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

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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 is out looking at the house, they say, "Oh, we love this house, but we couldn't make the monthly payment." And the realtor says, "Yeah, but you're going to get a tax break." So people pay…

It turns out a VAT - a value-added tax - is a very easy tax to collect and a very hard tax to evade. It's a really good idea. It was invented about 60 years ago in France, of course. Because they're so good at taxing. They had a business tax that was easy to evade, and the head of…

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

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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 hard tax to evade. So it makes the job of raising revenue easier. The revenues from the VAT can then be used to lower taxes on income and saving and investment. The Value-Added tax doesn't penalize…

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

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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…

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The world is complicated and full of grays, but there's still truth there to be found.

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The parts of the [Civil Right] Movement we recognize so well now were not born from a single decision, but were a complicated and…

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Two people could build an outhouse in four hours. They're not complicated.

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Talking to other people about a part is not helpful for me. It's such an internal and complicated and still kind of mysterious process.

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