Taxation: How the Government Funds Itself

What would the American founders think of our taxation system today, given America’s origins? Daniel Mitchell answers this and other questions as we talk about the different kinds of tax schemes and the different incentives they offer taxpayers.

Why is doing taxes so complicated? Why are there so many exemptions, deductions, incentives, preferences, etc. in the tax code? Are the rich paying their “fair share” of taxes? What’s the Laffer Curve and how does it work? What are consumption taxes and why are they better for the long term growth of the economy?

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