Our Idiotic Tax Code
Here are a few major things wrong with our tax code:
It encourages spending over saving.
It taxes labor at a higher rate than capital.
It gives preference to debt over equity.
It encourages avoidance over compliance.
It is complex rather than simple.
And:
It creates the impression that certain types of economic activity are preferable to others.
Bad, bad, bad!
It encourages spending over saving.
It taxes labor at a higher rate than capital.
It gives preference to debt over equity.
It encourages avoidance over compliance.
It is complex rather than simple.
And:
It creates the impression that certain types of economic activity are preferable to others.
Bad, bad, bad!
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