Cheating means breaking a rule or law; legal tax avoidance merely exploits “regulatory loopholes” without breaking the law and is part of a legitimate profit maximization strategy.
If the purpose of government is to spread the wealth and attempt to distribute the good life to everyone equally, then Lois Lerner was doing what she had to do. By that standard, she was even a hero.
If you put $1,000 in your piggy bank in 1960 and took it out to spend in 2000, you would discover that your money had, over time, lost 80 percent of its value.
“What the tax code is doing is trying to choose our values for us,” complains Yaron Brook from the Ayn Rand Institute.
If cutting and taxing are off the table, we can expect borrowing and printing.
It’s those who want to keep raising the debt limit, continuing to evade the causes of the fiscal disaster, who are irresponsible.
If federal spending were only 5 percent of our GDP ($750 billion) — instead of 25 percent ($3.8 trillion) — there would be no need for today’s oppressive and complicated tax system.
The federal government already has ample powers to punish people who have broken the tax laws. It does not need additional powers to bully people who haven’t.
Apple, the most highly valued technology company and the creator of wonderful products that millions enjoy and use to enhance their productivity, has been accused of not paying enough taxes at a congressional hearing where CEO Tim Cook was grilled yesterday. (See the story here). More specifically, Apple was accused of avoiding $9 billion or […]
If taxes only concealed hidden costs of what we buy, we’d be lucky, but taxes are destructive in another hidden way.
How are capital gains different from ordinary income?
Instead of taxing the 1% more, we should thank them.