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If you want peace then you must struggle for social justice.

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T.R. Reid

France, they're the world champion at soaking the rich on taxes. And at one point, they had what they called a hyper tax, 75 percent, and Gérard Depardieu and many others left the country.

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We cut tax exemptions in 1986, it was the most admired tax reform in U. S. history. Congress and the president worked together then to eliminate scores of loopholes and exemptions and deductions; this made taxes much simpler, and allowed a major cut in tax rates.

Allowed, Cutting, Eliminate, President, Together, Worked

Americans spend about 6 billion hours a year collecting the data and filling out the forms. We spend $10 billion to H&R Block and other preparers. And on top of that, $2 billion in tax preparation software, which still takes hours of work. It's outrageous the burden we put on people, and guess what, you go to Europe, you go to Japan, it's 15 minutes and costs nothing.

Block, Data, People, Preparation, Work

Mortgage is one of the most popular deductions. It costs the Treasury about $103 billion a year. Now that's money we could use to treat wounded veterans or reduce the deficit or fill the border. Instead, we give it a subsidy to homeowners, and it goes mainly to the richest homeowners in America, because only one third of Americans itemize their deductions. It doesn't work. Many countries have gotten rid of the mortgage interest deduction. Almost all of them have higher homeownership rates than we do.

America, Billion, Country, Giving, Treasury, Veteran

If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple is out looking at the house, they say, "Oh, we love this house, but we couldn't make the monthly payment. " And the realtor says, "Yeah, but you're going to get a tax break. " So people pay more than they would otherwise. You take a loss even though you're making a gain.

Ask, Couple, Loss, Making, People, Though

If you get rid of all these giveaways and loopholes and deductions and credits, then you can sharply lower the rates.

Giveaways, Loopholes, Lower, Rate, Rates, Rid
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