It appears the Congress is getting closer to passing a tax reform bill. While there are differences between the current House and Senate versions, they are close enough that it is easy to see that they can be reconciled and tax reform legislation can be passed this year. Reform on the individual income tax…
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Tag: tax reform
Randall Holcombe | Monday December 4, 2017 at 12:51 PM PST
William Shughart | Sunday January 23, 2011 at 7:42 AM PST
As Congress and the President consider yet another set of “reforms” for the federal income tax code, taxpayers should encourage them to heed the words of one of the first and greatest economists. In Book V, Chapter II, Part II of The Wealth of Nations (Modern Library, Cannan ed., p. 778), Adam Smith wrote…
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Anthony Gregory | Wednesday April 15, 2009 at 1:58 PM PDT
We can expect to hear calls around this time for tax reform. Some say we need to make the tax code so simple that you can fill out your return on a postcard. Looking at the 1040 forms going back to 1913, it appears as though the Income Tax form was never that simple….
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