Quotes About Taxes

The rich will never be taxed. More and more often we see governments use the tax laws to provide incentives to business owners and investors to create jobs and housing. These incentives reduce the taxes of the rich. So the only place for the government to drive tax revenue is from the middle class.

You mean most workers don't get paid everything?" I asked with amazement. "Heavens no!" said rich dad. "The government always takes its share first." "How do they do that?" I asked. "Taxes," said rich dad. "You're taxed when you earn. You're taxed when you spend. You're taxed when you save. You're taxed when you die.

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.

The previous chapter presented diagrams illustrating that most people work for everyone but themselves. They work first for the owners of the company, then for the government through taxes, and finally for the bank that owns their mortgage.

When you get a raise, so does the government.

we see governments use the tax laws to provide incentives to business owners and investors to create jobs and housing. These incentives reduce the taxes of the rich. So the only place for the government to drive tax revenue is from the middle class.

Average Americans today work four to five months for the government just to cover their taxes. In my opinion, that is simply too long. The harder you work, the more you pay the government. That is why I believe that the idea of "take-from-the-rich" backfired on the very people who voted it in.

As I said, the passage of taxes was only possible because the masses believed in the Robin Hood theory of economics: Take from the rich, and give to everyone else. The problem was that the government's appetite for money was so great that taxes soon needed to be levied on the middle class, and from there it kept trickling down.

It is due to these legal loopholes that so many rich people donate their mansions or other parts of their estate at the end of their lives.

The tax man will always take more if you let him. The first lesson of having money work for you, as opposed to you working for money, is all about power. If you work for money, you give the power to your employer. If money works for you, you keep the power and control it.

Their families have often become very wealthy through the deferral of the taxes on these assets they donate, and do not need the asset that made them rich anymore.

A business owner can pay for those things with before-tax dollars while an employee pays for them with after-tax dollars.

If you ask any CPA, he or she will tell you that there is very little they can do for you in the E quadrant. The government has locked up most of the loopholes for this quadrant.

the ones who get up every day and diligently go to work and pay taxes. If they only understood the way the rich play the game, they could play it too. Then they would be on their way to their own financial independence. This is why I cringe every time I hear a parent advise their children to go to school so they can find a safe, secure job. An employee with a safe, secure job, without financial aptitude, has no escape.

Buying or building assets that deliver cash flow is putting your money to work for you. High-paying jobs mean two things: you're working for money and the taxes you pay will probably increase. I've learned to put my money to work for me and enjoy the tax benefits of generating income that doesn't come from a paycheck.

Rich dad constantly reminded Mike and me that the biggest bully was not the boss or the supervisor, but the tax man.

Be careful... What the dude said, ain't it? ... One lived in the woods and didn't pay his taxes. Musta been before Lyme disease, when you could still get by with that shit. You know the dude I talkin' about. Said to watch out for jobs you got to dress up for." "Thoreau." "Yeah, that's him.

The creed of the Inland Revenue is simple: "If we can bring one little smile to one little face today, then somebody's slipped up somewhere."

Men decided that it was better to pay taxes than to fight among themselves; better to pay tribute to one magnificent robber than to bribe them all.

Pour élever un État du dernier degré de barbarie au plus haut degré d'opulence, il ne faut que trois choses : la paix, des taxes modérées et une administration tolérable de la justice. Tout le reste est amené par le cours naturel des choses.

Little else is requisite to carry a state to the highest degree of opulence from the lowest barbarism but peace, easy taxes, and a tolerable administration of justice: all the rest being brought about by the natural course of things.

In the present season of scarcity, the high price of corn no doubt distresses the poor. But in times of moderate plenty, when corn is at its ordinary or average price, the natural rise in the price of any other sort of rude produce cannot much affect them. They suffer more, perhaps, by the artificial rise which has been occasioned by taxes in the price of some manufactured commodities, as of salt, soap, leather, candles, malt, beer, ale, etc.

In 1957, the death of a trio of millionaires, Sir James Dunn, Isaak Killam, and Harold Crabtree, produced such a windfall of inheritance taxes that the federal government launched the Canada Council and endowed it with $100 million, half for capital grants to universities, the rest for scholarships, loans, and grants.

When we played, World Series checks meant something. Now all they do is screw up your taxes.