Saturday, April 19, 2003

Making a list, taxing it twice

Human Events, a conservative weekly, compiled a list of the “Ten Worst Federal Tax Laws.” The list was chosen by a prominent panel of judges, including Nobel laureate Milton Friedman, Stephen Moore of Club for Growth, and Americans for Tax Reform’s Grover Norquist. The estate tax (a.k.a. “death tax”) came in at #1, followed by double taxation of dividends, and the alternative minimum tax. There are no glaring omissions that I can see on the list, though I would have given at least an honorable mention to certain federal fines, such as the Hart-Scott-Rodino fee companies must pay as tribute to have their mergers approved by antitrust authorities.

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