Quotes About Income taxes

Eastern Washington families and businesses should be able to deduct every penny of state and local sales tax they pay throughout the year from their federal tax bill, especially when people in most states are deducting their state income taxes.

... the top 10 percent of incomes pay 70 percent of the income taxes and cast about 25 percent of the vote.

Every two weeks, I'd get a small pay-check and notice the line where federal and state income taxes were deducted from my wages. At least as often, our drug-addict neighbor would buy T-bone steaks, which I was too poor to buy for myself but was forced by Uncle Sam to buy for someone else.

Can America continue down the path President Obama is taking us on, to a time soon and certain when a majority of wage-earners pay no income taxes but a majority of citizens receive federal benefits?

Income taxes are very poor at generating income from automation because the gains are realized by technology companies that are experts at not paying taxes.

All flat-tax proposals benefit the rich more than the poor for one simple reason: today's tax code is still at least moderately progressive. The rich usually pay a higher percentage of their incomes in income taxes than do the poor. A flat tax would eliminate that slight progressivity.

Income taxes are responsible for the transformation of the Federal government from one of limited powers into a vast leviathan whose tentacles reach into almost every aspect of American life.

Before about 1800, only two important attempts were made to establish income taxes—one in Florence during the fifteenth century, and the other in France during the eighteenth. Generally speaking, both represented efforts by grasping rulers to mulct their subjects.

I think if I were a superhero saving the world, I'd expect at least not to have to pay income taxes. I mean there should be something in it for a hero who risks his life to save mankind every day.

In its simplest form, investors sell losing stocks before the end of the current year, realizing losses that reduce the year's income taxes. This behavior contributes to the so-called January effect where selling pressure in December further depresses the stock prices of the year's losers, followed by a rebound and excessive performance in January.

Honestly so much money gets taken for taxes from contest winnings that you have to be smart with it. People think that because I won 200 grand, I actually got 200 grand, but a big chunk of that gets taken out. You have to be very smart with your money.

There were really only two men I knew who ever got a laugh out of paying their income taxes. One was cheating the government and getting away with it. The other had a sick sense of humor and would probably have set up a concession stand at the Boston Tea Party and sold sugar cubes and lemon slices.

Since Alexander Hamilton, an increasing percentage of the federal budget had been provided by taxing alcohol. In the early 1900s taxes on liquor made up almost 30 percent of the federal budget—a seemingly implacable obstacle to Prohibition. Now, with the passage of an amendment that allowed a broader tax, the government could give up the alcohol taxes for income taxes.

The Queen's decisions to voluntarily pay income taxes, to mothball the royal yacht HMS Britannia, and to end primogeniture—the thousand-year-old rule stipulating that males have precedence over females in the line of succession—all grew out of Way Ahead Group deliberations.

Unlike every other retirement vehicle, such as IRAs and 401(k)s, you receive a tax deduction for making contributions to your HSA but don't have to pay income taxes on withdrawals.

By issuing our own money we can eliminate all income taxes and employment taxes and the national debt would cease to exist.

In America, the Titanic is often described as a cross-section of the Gilded Age, an era of rapid industrialization and wealth creation in the United States that began in the 1870s and ended with the introduction of income taxes in 1913 and the outbreak of World War I the following year.

In the 2014 tax year, the top 20 percent of earners paid 84 percent of individual federal income taxes. Indeed, the top 1 percent of earners paid nearly half of the federal income tax. The bottom 40 percent of earners paid no federal income taxes. Even more, they receive federal government subsidies, including the Earned Income Tax Credit, amounting to tens of billions of dollars.

Fred Harrison claimed in his book Ricardo's Law: House Prices and the Great Tax Clawback System that property owners are generally able to clawback their cumulative income tax payments through gains made from land values, while renters are financially penalized by income taxes. Thus, the progressive income tax is a scam by which the poor subsidize the rich.