Tag Archives : Loopholes
Everything You Need to Know about Deductions, Loopholes, and Special-Interest Tax Provisions
Four guiding principles for the elimination of tax loopholes and the creation of a neutral tax system.
read more...
Since Leftists Don’t Like Corporate Loopholes, They Should Support the Flat Tax
I appeared on CNBC a couple of days ago to discuss a new report which claims that some big U.S. companies “only” paid 9 percent of their income to the government. While I’m a bit skeptical of the numbers (did it include the taxes paid to foreign governments, for instance, which can be substantial for […]
read more...
Obama’s Corporate Tax Refom: Rearranging the Deck Chairs on the Titanic?
American companies are hindered by what is arguably the world’s most punitive corporate tax system. The federal corporate rate is 35 percent, which climbs to more than 39 percent when you add state corporate taxes. Among developed nations, only Japan is in the same ballpark, and that country is hardly a role model of economic […]
read more...A Very Depressing Picture of Tax Complexity and Political Corruption
Read it and weep. Or maybe I should say look at it and weep. I suppose this is a good time to recycle my flat tax video. I don’t mention this in the video, but Hong Kong’s flat tax system, which has been around for more than 60 years, requires less than 200 pages. Slovakia’s […]
read more...Beating the You-Know-What Out of Congress in the New York Post
I have a piece in this morning’s New York Post, and I did not try to be polite. Commenting on the end-of-year orgy on Capitol Hill, I slam corrupt deal making that leads to ever-bigger government. Here’s part of what I say about the “omnibus” spending bill. The weeks since Election Day have provided nauseating […]
read more...The Barack Obama Tax Reform Plan?
In my fiscal policy speeches, I sometimes try to get a laugh out of audiences by including a Powerpoint slide with this image. Leading up to this slide, I talk about the Armey/Forbes flat tax and explain that it would eliminate the corrupt internal revenue code and replace it with a simple 10-line postcard. But […]
read more...