Inspirational Quotes, Motivational Sayings, and Wise Words for Daily Inspiration

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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.

T.R. Reid's Popular Quotes

Professor Eric Zolt of UCLA, said to me, "The VAT is such a good idea, mark my words, within five years, the U.S. will have a VAT." Then he said, "Of…

- 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 answe…

- 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 Depa…

- 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…

- T.R. Reid

We cut tax exemptions in 1986, it was the most admired tax reform in U.S. history. Congress and the president worked together then to eliminate score…

- T.R. Reid

If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates.

- T.R. Reid

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 b…

- T.R. Reid

Mortgage is one of the most popular deductions. It costs the Treasury about $103 billion a year. Now that's money we could use to treat wounded veter…

- T.R. Reid

The higher the rate, the more interest there is in avoiding the tax. Either you move or you shift your profits overseas, as American corporations hav…

- T.R. Reid