Popular quotes about Taxes! Wisdom and inspiration are here! | page 8
Put simply, the rich pay a lot of taxes as a total percentage of taxes collected, but they don't pay a lot of taxes as a percentage of what they can afford to pay, or as a percentage of what the government needs to close the deficit gap.
Ben SteinSuggestion of the Communist Manifesto was 'abolition of all right of inheritance.' Looking backward upon the past history of estate taxes, we have to realize that they more and more have approached the goal set by Marx. Estate taxes of the height they have already attained for the upper brackets are no longer to be qualified as taxes. They are measures of expropriation.
Ludwig von MisesTexas has no income tax, which is a big draw for corporate executives who do business there. But it's hardly tax-free. The property taxes are high for a Southern state. The sales taxes are high. One study found that the bottom 20 percent of the Texas population pays 12 percent of its income in state and local taxes.
Gail CollinsWhen 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.
David Cay JohnstonThe share of income that small business people are paying in taxes is the lowest it has been in 65 years - since Obama has cut taxes 18 or 22 times for small business.
Austan GoolsbeeIt may be primarily property taxes in the case of a public library, or state taxes and tuition in the case of an academic library at a public university, but the funding sources of most libraries continue to have a strong geographic component.
Tom PetersThe most pernicious of his [Obama] proposals will be the massive Make Work Pay refundable tax credit. Dressed up as a tax cut, it will be a national welfare program, guaranteeing a majority of American households an annual check to 'refund' taxes they never paid. And it will eliminate the need for about 20% of American households to pay income taxes, lifting the proportion that need not do so to a majority of the voting population.
Dick MorrisWell, the taxes that everyone else is paying are supporting lots of programs that were in place prior to Barack Obama's new spending. So new spending has too be paid for by new taxes, or by eliminating existing tax breaks. And Obama wants that burden to be borne exclusively by the rich.
Dinesh D'SouzaSomeone once said that taxes are the price we pay for civilization. That may have been true when he said it, but today taxes are mostly the price we pay so that politicians can play Santa Claus and get reelected.
Thomas SowellIf you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.
Charlie MungerThe only issue on taxes - Hillary Clinton is going to raise taxes, and Donald Trump and I are going to cut them.
Mike PenceHe [Donald Trump] said in the debate - he said, gosh, I'm being audited for two years. Then he said three years. Then he said maybe five years. Listen, if there's a problem in his taxes, the voters have a right to know, because come September, October, the general election, folks in the media are going to make a heyday about any problems in his taxes.
Ted CruzThe IRS said today anyone with a refund coming from their 2001 taxes will lose it if they don't pick it up by April 15th. If it is more then three years they will just keep it. How come it doesn't work that way with back taxes?
Jay LenoWould I feel comfortable with Hillary Clinton taking care of my money down there? That I pay the taxes, corporate taxes down there? I wouldn't feel comfortable at all. They've just continuously spent money and people are up to here with it.
Doug Ford, Jr.Cutting taxes is not bad. But if you cut taxes on the wealthy, which is what they wanted to do, you're not helping people who need better schools and better infrastructure and healthcare. You're basically robbing the middle class and the poor to provide tax cuts to the rich.
Robert ReichPothinus: "Is it possible that Caesar, the conqueror of the world, has time to occupy himself with such a trifle as our taxes?" Caesar: "My friend, taxes are the chief business of a conqueror of the world.
George Bernard Shawhy is it you can impose a new tax and keep your economy growing? Only if you cut other taxes by exactly the same amount. The problem with carbon taxes around the world has been you dump a new tax onto the economy and it's just adding more tax.
Christy ClarkIt's tax season. When I woke this morning and realized it was tax season, I said, My God, didn't we just pay taxes last year?
David LettermanLook at what I am proposing, and we [wih Bernie Sanders] have a vigorous agreement here. We both want to reign in the excesses of Wall Street. I also want to reign in the excesses of Johnson Controls that we bailed out when they were an autoparts company, and we saved the auto industry, and now they want to avoid paying taxes.
Hillary ClintonThis thought-provoking novel portrays the absurdity of our overbearing government bureaucracy with a story that is entertaining and fast-paced. The Taxman Cometh will become part of our national dialogue about taxes and freedom. And itโs funny as hell. Author Jim Greenfield is a cross between Ayn Rand and Monty Python. If enough people read this hilarious โman versus stateโ book, the IRS will be put out of business, which is okay with me.
Grover NorquistI am a little discouraged and irritated at the welfare recipient families growing in size all the time. Those of us who work and pay taxes all the time shouldn't have to pay for these kids.
Hilmar MooreIt's dark and it's divisive - deporting 11 million people, talking about law and order, calling every group of people in America names, talking about cutting taxes on the wealthy, feeling like Donald Trump can bring more nuclear weapons into the world - I mean, everything he's talked about is a form of change.
Hillary ClintonDemocrats believe, plausibly, that middle-class entitlements are instantly addictive and, because there is no known detoxification, that class, when facing future choices between trimming entitlements or increasing taxes, will choose the latter.
George WillI 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.
Lou HoltzYou hear a lot of jokes every once in a while about 'Silent Cal Coolidge.' The joke is on the people who make the jokes. Look at his record. He cut the taxes four times. We had probably the greatest growth and prosperity that we've ever known. I have taken heed of that because if he did that by doing nothing, maybe that's the answer.
Ronald ReaganPeople feel the deck is being totally stacked against them, and the Democrats have various things in their playbook to go after opponents; taxes is one of them.
Rush LimbaughIf [Donald Trump] is paid zero [taxes], that means zero for troops, zero for vets, zero for schools or health.
Hillary ClintonI believe that my theory is correct; for whatever be the question upon which I am arguing, whether it be religious, philosophical, political, or economical; whether it affects well-being, morality, equality, right, justice, progress, responsibility, property, labor, exchange, capital, wages, taxes, population, credit, or Government; at whatever point of the scientific horizon I start from, I invariably come to the same thingโthe solution of the social problem is in liberty.
Frederic BastiatIn the North, neither greenbacks, taxes, nor war bonds were enough to finance the war. So a national banking system was created to convert government bonds into fiat money, and the people lost over half of their monetary assets to the hidden tax of inflation. In the South, printing presses accomplished the same effect, and the monetary loss was total.
G. Edward GriffinFor all long-term investors, there is only one objective-maximum total real return after taxes.
John TempletonSenior executives can, after a fashion, get a portion of their pay tax-free. You defer part of your income and not have to pay taxes on it, and then when you retire you have the company buy a life insurance policy on you using that money. The company can deduct that money because it is a business expense, and the money will get paid out to your children or grandchildren when you die, so you have effectively given them your money and it's never been taxed.
David Cay JohnstonToday the salaries of stars are astronomical in comparison with the 20's, but the high cost of today's living and taxes takes a huge bite out of these salaries.
Pola NegriTeach kids not to fight. Can they change taxes? I'd get rid of all the congestion charges, because they've not stopped traffic. They're a waste of time, not that I'm getting all political.
Peter AndreThe difficulty for Mr. Obama will be when the public sees where his decisions lead - higher inflation, higher interest rates, higher taxes, sluggish growth, and a jobless recovery.
Karl RoveThe Beltway is waking up to the realities of Prsident Obam's budget plan, which taxes, spends, and borrows as far as the eye can see.
Matthew ContinettiCertainly, the job of a U.S. senator is to create a climate conducive to creating jobs, which is lower taxes and less government regulation. What Harry Reid has been doing is putting forward those policies that actually put more regulation on business.
Sharron AngleYou shouldn't get to live in society and give nothing back. People complain about their taxes, yet they do nothing for the community. That makes me furious.
Kathleen TurnerI think it's a little unfair for people to say you're not paying your fair share of taxes. I'm paying what I'm supposed to pay. Change the law, and I'll pay what I'm supposed to pay.
David RubensteinMost employers I speak to, they want to create jobs and give decent salaries. Some small and medium companies say to me they cannot afford to pay the living wage. I say "what about if I gave you a business rate cut?" and they say, yes, ok. We want companies which are skilled up, generating more profit, more corporation tax - we should not be embarrassed at success, as long as they pay their taxes.
Sadiq Khan