The United States could transform its property tax system into a progressive tax on net worth without asking permission to the rest of the world.
It is a way to take people's wealth from them without having to openly raise taxes. Inflation is the most universal tax of all.
I am opposed to any individual taxes until we eliminate all of the unconstitutional agencies, and I suspect we wouldn't need a tax after that.
One tax dodge often used by multi-national companies is to squirrel their earnings abroad in foreign subsidiaries located in countries where taxes are lower.
The share of income that small business people are paying in taxes is the lowest it has been in 65 years - since Obama has cut taxes 18 or 22 times for small business.
In six short years, small business owners and family farmers will once again be assessed a tax on the value of their property at the time of their death, despite having paid taxes throughout their lifetime.
You know who a complicated tax code kills? The guy or gal trying to start a business out of the spare bedroom of their home. So we've got to simplify our tax code.
It was an absurd theory that by cutting taxes you would increase government revenues, because the growth of the economy would create an overflow of taxes that would fall into the government coffers.
The precise point at which a tax deduction becomes a 'loophole' or a tax incentive becomes a 'subsidy for special interests' is one of the great mysteries of politics.
Elections have to have at least a little meaning. Obama ran on income tax hikes for the wealthy. People knew they were voting for that. They 'want' that. And it's good policy.
In the European context tax rates are high and government expenditure is focused on current expenditure. A 'good' consolidation is one where taxes are lower and the lower government expenditure is on infrastructures and other investments.
Subsidies and mandates are just two of the privileges that government can bestow on politically connected friends. Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts.
I have continuously said that, at the very minimum, the Bush tax cuts for income under $250,000 should be extended.
Tax reductions are usually simpler and less distortive. I'm certainly willing to look at getting rid of tax deductions/credits, and go to dramatically reduced rates.
The real problem in Greece is not cutting taxes, it's making sure that we don't have tax evasion.
By keeping most tax rates at present levels, Obama and the Democrats will claim that they have championed tax cuts for the middle class.
We're going to look awfully stupid if we give income tax relief to people who do not pay income taxes.
Americans spend much of their adult lives paying taxes in various forms. We should end this practice of paying a tax that is triggered only by debt.
American businesses and upper incomes pay a larger portion of the federal taxes of our national taxes than any country in the world.
Congress has changed the Social Security system over time, and over 20 times in the past Congress has raised taxes on Social Security in payroll taxes into the system.
As far as Athens is concerned, I also think about all those people who are trying to escape tax all the time. All these people in Greece who are trying to escape tax.
