Quotes About Taxes

President Lyndon Johnson's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity. We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.

When you say the tax system benefits the rich, there are a lot of people who respond, "That can't be true, look at the rate of tax. The people who are rich pay a higher rate than you or I." Well, yeah, but if you don't have to pay taxes on a lot of your income, then your real tax rate is a lot lower. And if you're allowed to pay your taxes thirty years from now instead of today then you're a lot better off. People need to have a sophisticated understanding of how the system works to appreciate that the posted tax rate really has very little to do with the taxes people pay.

We need to have more taxes, not less, and we need the taxes we have, certainly, to provide services - for defense and education and health care. We should not cut money here in order to cut taxes.

In every major war we have fought in the 19th and 20th centuries. Americans have been asked to pay higher taxes - and nonessential programs have been cut - to support the military effort. Yet during this Iraq war, taxes have been lowered and domestic spending has climbed. In contrast to World War I, World War II, the Korean War and Vietnam, for most Americans this conflict has entailed no economic sacrifice. The only people really sacrificing for this war are the troops and their families.

I'm going to cut taxes big league, and you're going to raise taxes big league, end of story.

Corporations can't have it both ways. They can't tell Americans how much they want us to buy their products, but then run abroad to avoid taxes or hire cheap labor. American corporations should pay their fair share of taxes and create decent-paying jobs here - not in China.

[George Bush] has raised taxes on the people driving pickup trucks and lowered taxes on the people riding in limousines. We can do better.

Nothing in life is certain except death, taxes and the second law of thermodynamics. All three are processes in which useful or accessible forms of some quantity, such as energy or money, are transformed into useless, inaccessible forms of the same quantity. That is not to say that these three processes don't have fringe benefits: taxes pay for roads and schools; the second law of thermodynamics drives cars, computers and metabolism; and death, at the very least, opens up tenured faculty positions.

People think of taxes as money just being robbed from you. They don't consider the benefits of paying taxes. The benefits that they get and also the benefit of just being a part of a large group of people: a town, or a city, or a country, or a society that allegedly should stand together and all try to help each other.

Taxes are paid in the sweat of every man who labors. If those taxes are excessive, they are reflected in idle factories, in tax-sold farms, and in hordes of hungry people, tramping the streets and seeking jobs in vain. Our workers may never see a tax bill, but they pay. They pay in deductions from wages, in increased cost of what they buy, or - as now - in broad unemployment throughout the land.

Americans tend not to be too enthusiastic about having their taxes raised again....But if the American people aren't going to accept it, if the politicians don't have the courage to raise taxes, what are we facing down the road?

Unless you reduce the long-term spending burden, you cannot cut taxes in any lasting way, but can only shift the burden of taxes from the present to the future.

According to the Tax Foundation, the average American worker works 127 days of the year just to pay his taxes. That means that government owns 36 percent of the average American's output-which is more than feudal serfs owed the robber barons. That 36 percent is more than the average American spends on food, clothing and housing. In other words, if it were not for taxes, the average American's living standard would at least double.

Why should an atheist pay more taxes so that a church which he despises should pay no taxes? That's a fair question. How can the apologists for the church exemption answer it?

It is America, I don't want the government trying to control more of my life. I want less government control, and I think there are too many government regulations, laws and taxes on the books.

I've always been paying my taxes and I've always been trying to comply.

Those policies - more taxes, more regulation, more debt, more spending, more government - will make American worse. It just will, in my view.

I am opposed to any individual taxes until we eliminate all of the unconstitutional agencies, and I suspect we wouldn't need a tax after that.

A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.

New taxes are so unpopular that most 'social' handout schemes are originally enacted without enough increased taxation to pay for them. The result is chronic government deficits, paid for by the issuance of additional paper money.

We ought to pay down the national debt, ... The American people are tired of people who make promises about cutting taxes that they cannot keep.

If you want to know why Republicans and conservatives are in a political crisis, you need only consider the fact that the Right's deeply held view now boils down to this: Taxes should not go up on the wealthy, and your health benefits should be cut.

The [Donald] Trump plan would increase the national debt a little over a $1 trillion a year, the Trump plan would reduce taxes at all income levels with, of course, the biggest tax cuts going to the richest taxpayers as they always do.

Really living without clutter takes an iron will ... This involves eternal watchfulness and that oldest and most relentless of the housewife's occupations, picking up. I have a feeling that picking up will go on long after ways have been found to circumvent death and taxes.

My finely honed political instincts tell me that almost nobody believes that they should be paying higher taxes.

I believe - we all pay taxes. I'm happy to pay it, but I hate to have it abused, money wasted, no accountability. That's going to bother you.

We may be assured by past experience, that such a practice [as some states charging high taxes on goods from other states] would be introduced by future contrivances; and both by that and a common knowledge of human affairs, that it would nourish unceasing animosities, and not improbably terminate in serious interruptions of the public tranquility.

Indeed, ask every man separately whether he thinks it laudable and worthy of a man of this age to hold a position from which he receives a salary disproportionate to his work; to take from the people--often in poverty--taxes to be spent on constructing cannon, torpedoes, and other instruments of butchery, so as to make war on people with whom we wish to be at peace, and who feel the same wish in regard to us; or to receive a salary for devoting one's whole life to constructing these instruments of butchery, or to preparing oneself and others for the work of murder.

It took the national debt two hundred years to reach $1 trillion. Supply Side Economics quadrupled the national debt to over $4 trillion in twelve years (1980-1992) under the Republicans. Bill Clinton actually paid down the national debt. How did he do it? He raised taxes. It produced the longest sustained economic expansion in U.S. History.

I think that we've had an economy that's been out of balance for too long. So the general principle of raising taxes on higher income Americans, like myself, and providing relief to those who haven't benefited as much from this new global economy, I think is a sound one.

I argue that in the long run, the US would be on a far more financially secure footing if we recalibrate how we spend about two-to-three percent of the country's GNP, using state and federal taxes to create pools of money for spending on America's poor - which would, as numerous economists have argued in recent years, create virtuous spending circles, since those on lower incomes spend more of each extra dollar in their possession than do those on higher incomes.

The rich aren't like us, they pay less taxes.

Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.

The worst thing that we could do is raises taxes. It would only hurt the economy.

For all long-term investors, there is only one objective-maximum total real return after taxes.

Congress can raise taxes because it can persuade a sizable fraction of the populace that somebody else will pay

If you're white and wealthy, Texas is a great place, however, no Texas governor Republican or Democrat is eager to raise taxes and without that you can't expand access to health care or decrease the cost of higher education.

If you are going to spend for one group, you have to spend the same for every group, just like if you tax one group you have to tax everybody. You have to go back to having more general laws, more general taxes and more general spending programs.

Congress seems to want to cure every ill known to man except unconstitutional government and high taxes.

An emperor knows how to govern when poets are free to make verses, people to act plays, historians to tell the truth, ministers to give advice, the poor to grumble at taxes, students to learn lessons aloud, workmen to praise their skill and seek work, people to speak of anything, and old men to find fault with everything.

Once upon a time, government budgets were balanced, our money was sound, the streets were safe, and taxes imposed by all levels of government took less than 10% of our income.

I don't know a lot of writers, even writers who have been on the bestseller list for a few weeks, or writers who have gotten movie options, who can live on just their writing income. Once you break it down to the years it took to write the book, place it, promote it, and you pay the agent, pay the taxes, the annual income is not enough to live on comfortably. I do not have a starving artist inclination. I'm from the working class. I don't feel creative unless I feel like my house is going to be there and I'm going to be fed. I can't worry about money and write. Maybe some people can.

Do away with the corporate loopholes that allow major profitable corporations to stash their money in the Cayman Islands and not pay a nickel in some cases in federal income taxes.

Like mothers, taxes are often misunderstood, but seldom forgotten

We can be seduced...by powerful political groups that promise more wealth and lower taxes. Those with power can use clever, psychological tricks and play upon our weaknesses and brokenness in order to attract us to their way of thinking. We can be manipulated into illusion.

The answer to many of the domestic problems we face is not higher taxes and more spending. It is less waste, more results and greater freedom for the individual American to earn a rightful place in his own community - and for States and localities to address their own needs in their own ways, in the light of their own priorities.

The seven deadly sins... food, clothing, firing, rent, taxes, respectability and children. Nothing can lift those seven millstones from Man's neck but money; and the spirit cannot soar until the millstones are lifted.

You can't have a rigid view that all new taxes are evil.