Post Tagged 'Tax avoidance and tax evasion'

September 30, 2020

5 lessons from Donald Trump’s tax returns

A couple making $31,900 who file with the standard deduction would pay $750 in federal income tax. That amount – $750 – is also how much Donald Trump paid in federal taxes in 2016 and 2017. Continue Reading...

September 18, 2018

Abp Justin Welby compared Amazon to leeches — but it built his church

In a recent speech, the Archbishop of Canterbury likened Amazon executives to leeches and ancient Aztec rulers who “ate the flesh of human sacrifices.” However, in reality Amazon has generated such prosperity for its shareholder, the Church of England, that it has financially built up the body of Christ. Continue Reading...

July 16, 2012

Envy and Resentment Lead to Bad Law

When it comes to Swiss bank accounts, pop culture brings to mind wealthy people who hide assets from various groups, such as the IRS or their jilted family members. Our sympathies do not align with the type of people we imagine hold Swiss accounts. Continue Reading...

June 17, 2011

The Complex Tax Code

Today at Capital Commentary I discuss the size and scope of the tax code in the US relative to its basic purposes. In “Back Door Social Engineering,” I argue, “When governments run huge deficits in part because of the complexity of its tax system and the ability of people and institutions to engage in large-scale (and legal) tax avoidance, there is something deeply wrong with the system.” Continue Reading...