Tuesday, April 14, 2009
April 15 is a day that lives in infamy in America. Every year millions of manhours are spent calculating taxes and wading through complicated tax regulations and forms. Every year the Congress tinkers with the tax code, adding to its complexities and mammoth size. In America, the rule of law is supposed to govern - but it is undermined because the tax code is so complicated, and so large, and its compliance costs are so high, that most citizens are befuddled by what exactly is taxed, at what rate, for how long. Tax evasion (legal and illegal) is rampant. A healthy state of affairs would be furthered if those in Washington, DC and across state capitals began to look at the First Principles of the rule of law, equality, and limited government when reforming the tax code.