Friday, July 10, 2020

Taxes

The conundrum of designing a fair and efficient tax system is as old as civilization.  Our tax system has grown absurdly complex, as various groups have jockeyed to avoid taxation.   Billions of dollars are spent on tax law compliance alone. There is ample evidence that many parts of our tax system are neither fair nor efficient and introduce substantial distortions into our economy.  Reforming our tax systems must be a priority.