Tax Loophole Madness

Tax Loophole Madness

When I write about tax reform, I emphasize that there are three equally important features of the flat tax. One low tax rate on productive behavior. No double taxation of saving and investment. No distorting and inefficient loopholes. Regarding the third...
The Biden Tax Avoidance Strategy

The Biden Tax Avoidance Strategy

Back in 2020, I applauded both Donald Trump and Joe Biden for minimizing their tax payments. Trump cleverly used business losses to reduce the tax burden on his individual income. Biden cleverly used a business structure to avoid onerous Social Security and...