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Tag Archives: Flat tax

6/4/19: U.S. Tax Compliance Costs and Lobbying

Not a fan of The Atlantic on a range of topics, especially geo-politics, but a great write up on the relationship between tax accounting industry, lobbying and U.S. tax codes (painfully and daftly complex) here: https://www.theatlantic.com/ideas/archive/2019/04/american-tax-returns-dont-need-be-painful/586369/. Worth a read: Of course, the solution is to make tax filing for ordinary income taxes simple, and to make tax codes more streamlined. A flat tax would work. Charged across all...

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Trump’s “Beautiful Tax Plan”… Fuggedaboutit!

Via MurraySabrin.com, Last week President Trump’s tax plan was unveiled with great fanfare by the Congressional Republican leadership. Although President Trump babbled what he claimed to be the biggest tax cut in American history, the evidence is quite to the contrary. Former Reagan budget director David Stockman dissects the “beautiful tax plan,” concluding that it is nothing less than a big scam. Tax cuts are not targeted toward the middle class but the highest income...

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An Open Letter to President Trump on Tax Reform

The following article by David Haggith was pubished on The Great Recession Blog: If the @realPresident wants #realTaxReform, he should forget about trying to redesign the albatross, and go for a change so big that it’s completely transformative. Pursue a change that the swamp will have an epileptic seizure over. It’s bold, and it’s simple if you have the guts to keep it simple. It’s great. My letter to the president:    As someone who writes regularly on economics...

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Which Country Punishes Productive People The Most?

Submitted by Daniel Mitchell via The Foundation for Economic Education, Back in 2014, I shared some data from the Tax Foundation that measured the degree to which various developed nations punished high-income earners. This measure of relative “progressivity” focused on personal income taxes. And that’s important because that levy often is the most onerous for highly productive residents of a nation. But there are other taxes that also create a gap between what such...

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