CHAPTER 3

How Our Tax System Works

“Kings ought to shear, not skin their sheep.”

English poet ROBERT HERRICK shortly after the execution of Charles I, who had imposed numerous burdensome taxes on his subjects

“The greater the number of statutes, the greater the number of thieves and brigands.”

LAO-TZU

“A fine is a tax for doing something wrong. A tax is a fine for doing something right!”

“The 9,500 page tax code, with its endless convolutions, is an abomination unworthy of our society. Is it any surprise that some people run from it? It undermines notions of law of, for, and by the people, because even those who spend a lifetime studying can barely understand it. Certainly ordinary citizens cannot hope to figure it out.”

Treasury Secretary ...

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