And it’s not just “breaking the law”-type corruption: high tax rates encourage people and corporations to seek loopholes and special privileges written into the code that the rest of us have no access to. Better to have lower, flatter rates with no incentive to rig the system.
Originally posted on International Liberty:
Robert Samuelson, a columnist for the Washington Post, has a very important insight about tax rates and sleaze in Washington.
His column is mostly about Obama’s anti-tax reform agenda, but it includes this very important passage.