Do what thy manhood bids thee do,
From none but self expect applause:
He noblest lives and noblest dies
Who makes and keeps his self-made laws."
~ Sir Richard Francis Burton
How Much Does A Tax Cut Cost?
Taxes are revenue for the government collected involuntarily from its citizens. Therefore, a cut in taxes simply means less non-consensual money is taken from taxpayers. It is not money changing hands from the government to citizens. Indeed, it is money not changing hands. A tax cut is lowering the rate of taxation, and similarly a tax expenditure is using exemptions, deductions, and credits to target particular situations for tax relief. George Reisman says:
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