The popular media lately has been full of astonishing piffle with regard to taxation — so much so that a reasonably smart listener might suppose that there was some magnificent disagreement among economists, such as there is among lawyers in a court case.
Of course, there is not; we economists are in broad agreement about the facts of taxation. This does not mean we agree about policy, for there is more to any policy decision than the truths of taxation. Still, we should be a bit mindful of demagoguery about taxes. This column will focus on known truths of taxation.
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