“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 right is among the highest in the world.” WorldCountryPresidentWealthShareTaxesWesternRateIncome Tax Author: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.” WorldDifficultTaxesComplicated Author:T.R. Reid
“It was an easy thing to tax for a young country. And then gradually we moved to property taxes, manufacturing taxes, and the income tax was the answer to a populist demand: Let's go after the rich guys. We got into World War I, and they raised the rates and started taxing the rich. Then we got into World War II, and that's when they taxed everybody, because they just needed more revenue.” WorldWarCountryGuyEasyRichTaxesMovedPropertyRateWar Of The WorldsWorld War IiWorld War IIncome TaxPopulist Author:T.R. Reid
“France, they're the world champion at soaking the rich on taxes. And at one point, they had what they called a hyper tax, 75 percent, and Gérard Depardieu and many others left the country.” WorldCountryRichTaxesChampionHyper Author: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 very efficient collectors. And the reason is they stick the real cost on you and me.” WorldRealReasonBrag Author:T.R. Reid
