Quotes About Taxation

Most small businesses in this country today are taxed at the individual level as Corporation LLC. So whatever is cut out of those earnings is money taken out of capital for reinvestment for creating more jobs and opening up more locations.

Inflation is taxation without representation.

Inflation is taxation without legislation

On the contrary, the inflation itself is partly a response to the reaction. As it has become politically less attractive to vote higher taxes to pay for higher spending, legislators have resorted to financing spending through inflation, a hidden tax that can be imposed without having been voted, taxation without representation. That is no more popular in the twentieth century than it was in the eighteenth.

In fiscal policy as in monetary policy, all political considerations aside, we simply do not know enough to be able to use deliberate changes in taxation or expenditures as a sensitive stabilizing mechanism.

The Rothbard crowd began its own official organization—the Radical Libertarian Alliance. (Its slogan: "War is murder. Taxation is theft. Conscription is slavery Government is chaos.")

Taxation, gentlemen, is very much like dairy farming. The task is to extract the maximum amount of milk with the minimum amount of moo.

Taxation is just a sophisticated way of demanding money with menaces.

Genua had once controlled the river mouth and taxed its traffic in a way that couldn't be called piracy because it was done by the city government, and therefore sound economics and perfectly all right.

He tossed the paper aside. "Taxation, gentlemen, is very much like dairy farming. The task is to extract the maximum amount of milk with the minimum of moo. And I am afraid to say that these days all I get is moo.

Taxation, gentlemen, is very much like dairy farming. The task is to extract the maximum amount of milk with the minimum of moo. And I am afraid to say that these days all I get is moo.

Governments have historically opted to tax what they could, rather than what they should, and it shows.

unlike a corporation, real estate, intellectual property as well as stocks and bonds in a brokerage account can be transferred in and out of an LLC at their basis, thus incurring no taxation.

In addition to the annual LLC franchise fee of $800, the state of California hits LLCs with a fee based on their gross receipts. This fee has nothing to do with whether your company is profitable or not. It is only based on revenue generated, so you can lose money and still owe the fee.

Be sure to have a good CPA on your team. Many traps deal with taxation, and can be avoided with proper accounting advice.

the other gods had discovered the universal economic law from time immemorial: whatever you tax you get less of, and whatever you subsidize you get more of. By heavily overtaxing wealth, she could decrease the amount of private wealth and therefore lessen its power. By subsidizing poverty with government welfare she would increase poverty and thus dependency upon the state. Human nature was such an easy thing to exploit when you understood how it operated.

It's as if the concept of taxation as theft—rather than as a shared burden that all should contribute toward as the cost of maintaining a civil society—is now so widely shared that many people applaud those who have figured out how to game the system and pay less than their fair share rather than condemn them as social parasites who claim society's benefits without paying for them.

Taxation, especially in small-coalition settings, redistributes from those outside the coalition (the poor) to those inside the coalition (the rich). Small coalition systems amply demonstrate this principle, for these are places where people are rich precisely because they are in the winning coalition, and others are poor because they are not.

To please universally was the object of his life; but to tax and to please, no more than to love and to be wise, is not given to men.

Thus, Beard found that most of the makers of the Constitution had some direct economic interest in establishing a strong federal government: the manufacturers needed protective tariffs; the moneylenders wanted to stop the use of paper money to pay off debts; the land speculators wanted protection as they invaded Indian lands; slaveowners needed federal security against slave revolts and runaways; bondholders wanted a government able to raise money by nationwide taxation, to pay off those bonds.

If you tell people, 'that old banger of yours, we're going to tax the hell out of it,' they'll rightly tell you to get lost. But if you tell people that when they next buy a car, the tax will be adjusted so that the cleanest ones will cost less and the polluting ones will cost more, most people would say 'fair enough.'

According to the IRS, the wealthiest 400 Americans, who earned an average of roughly $270 million in 2008, paid an average tax rate of just 18.2 percent that year. That's about the same rate paid by a single truck driver in Rhode Island. It's not right, and we need to restore fairness to our tax code.

If I tax them, in fact, I'm not taxing the capitalists, I am taxing the people who have saved, trusted. It was very controversial, those sorts of things. But finally, it worked out.

You can tax the rich all you want. The problem is there aren't enough of the rich.