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Quote by T.R. Reid

“The Value-Added Tax, a sales tax that applies at every level of business transactions, is an easy tax for governments to collect, and a hard tax to evade.”

Quote by T.R. Reid

Author

T.R. Reid is a renowned journalist with a career spanning various fields, including politics, economics, and social issues. Although his exact birth and death dates are unknown, his influence in the field of journalism is undeniable. more

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“Relative to the world's other advance democracies, Americans get off easy on tax day. Of the 35 richest countries, the U.S. ranks 32nd in total tax burden.”

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“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.”

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“Our tax code becomes so absurdly complex every 32 years that we have no choice but to scrap it and re-write. The 32-year period is up in 2018. So the time has come. History tells us that we're going to produce a fairer, simpler tax code by 2018.”

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