Quotes About Taxes

Same-sex marriage isn't a gay privilege, it's equal rights. Privilege would be something like gay people not paying taxes. Like churches don't.

The Americans today who like to whine all the time because they say that taxes are too high and that government costs too much should leave their television sets behind for a while and go out and see the country they live in.

Twenty-one of the corporations whose CEOs signed the statement paid no federal income taxes in 2018, courtesy of those lobbying efforts. One of the signers was Jeff Bezos, the multi-billionaire CEO of Amazon and of its Whole Foods subsidiary. Just weeks after the statement appeared, Whole Foods announced it would be cutting medical benefits for its entire part-time workforce—at a total annual savings of what Bezos himself made in two hours.

Wall Street is a casino in which high-stakes wagers are placed within a limited number of betting houses that keep a percentage of the wins for themselves and fob off losses on others, including taxpayers.

The rich are "job creators," so tax cuts for the rich trickle down to everyone else while higher taxes on the rich hurt the economy and slow job growth. Untrue. Look at recent history. George W. Bush cut taxes on the rich, and what happened? A fraction of the number of jobs were created under Bush than had been created under Bill Clinton, and the median wage dropped, adjusted for inflation. Trickle-down economics is a cruel joke. As

It's unfair that middle- and lower-income Americans have been paying a smaller share of federal income taxes and some pay no income tax at all. There's nothing unfair about it. Fairness requires that people who make more money pay a higher portion of their incomes in taxes than people with less money. That's called a progressive tax system, and it's been a foundation stone of America's tax code.

During the same period the typical middle-class taxpayer went from paying 15 percent of income in taxes to 16 percent.

The tax cuts enacted in 2001 and 2003—and extended for two years in 2010—in 2011 saved the richest 1.4 million taxpayers (the top 1 percent) more money than the rest of America's 140.89 million taxpayers received in total income.

More important, such events share a second feature, one that is absent from an increase in taxes: they reduce our own incomes while leaving others' incomes unaffected. Higher taxes, in contrast, reduce all incomes in tandem. This difference holds the key to understanding the mother of all cognitive illusions.

Rand had changed a number of laws in Tear, especially those that weighed heavily on the poor, but he had been unable to change everything. He had not even known how to begin. Lews Therin began to maunder on about taxes and money creating jobs, but he might as well have been spilling out words at random for all the sense he made.

cuando echas a andar tu propio negocio con base en casa, muchos de los gastos que antes eran personales –gastos después de impuestos–, se convierten de inmediato en gastos de negocio antes de impuesto.

los impuestos pueden llegar a ser tu mayor gasto.

si inviertes en activos en papel, la deuda y los impuestos te empobrecen. Pero si inviertes de manera profesional en bienes raíces, estos mismos elementos pueden volverte rico.

On the contrary, Mr. Wiggin. The tax laws are designed to trick people into paying more than they have to. That way the rich who are in the know get to take advantage of drastic tax breaks, while those who don't have such good connections and haven't yet found an accountant who does are tricked into paying ludicrously higher amounts. I, however, know all the tricks.

With small companies, my investment strategy is to be out of the stock in a year. My real estate strategy, on the other hand, is to start small and keep trading the properties up for bigger properties and, therefore, delaying paying taxes on the gain. This allows the value to increase dramatically. I generally hold real estate less than seven years.

A corporation can do many things that an employee cannot, like pay expenses before paying taxes. That is a whole area of expertise that is very exciting. Employees earn and get taxed, and they try to live on what is left. A corporation earns, spends everything it can, and is taxed on anything that is left. It's one of the biggest legal tax loopholes that the rich use.

For example, "1031" is jargon for Section 1031 of the Internal Revenue Code, which allows a seller to delay paying taxes on a piece of real estate that is sold for a capital gain through an exchange for a more expensive piece of real estate. Real estate is one investment vehicle that allows such a great tax advantage.

One of the reasons the rich get richer is that they buy more investments by taking advantage of the tax laws. In essence, the money that would have been paid in taxes is used to buy additional assets, which provide another deduction against income, which reduces the taxes due, legally.

Taxes punish those who produce and reward those who don't produce.

The reason I minimize my income is because I don't want to pay it to the government. That is why my income comes from my asset column, through a Nevada corporation. If I work for money, the government takes it.

So we become rich by becoming partners with the government?

Kim and I own several thousand cash-flowing apartment properties, commercial properties, a luxury hotel, a boutique hotel, five golf courses, and oil wells. Every year we add more assets like those to our financial statement and pay less in taxes.

Robert T. Kiyosaki

Business Owners with Corporations Employees Who Work for Corporations 1. Earn 1. Earn 2. Spend 2. Pay Taxes 3. Pay Taxes 3. Spend