Richard Epstein At Defining Ideas: ‘The Tax Expenditures Muddle’

Full piece here.

‘The root of the difficulty is this: it is not all that easy to figure out which downward adjustment in taxable income counts as a tax expenditure, and which does not. Right now the current income tax system starts with gross income, a number that is then reduced in various ways to get an “adjusted gross income” figure, which is the normal taxable base.’

Related On This Site:  From Youtube Via Althouse-’Paul Ryan: Hiding Spending Doesn’t Reduce Spending’Arnold Kling From The Library Of Economics And Liberty: ‘My Perspective On The Budget Fight’

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