Quotes About Taxes

This is the people's money, and we need to use it on their priorities. Increasing the pay of members of Congress is not their priority.

Producers shoot movies where the tax incentives are.

Out of one pocket we pay billions of our tax dollars to support the production of expensive, disease-causing foods. Out of the other pocket, we pay medical bills that are too high because our overweight population consumes too much of these rich, disease-causing foods.

I am for our not having any discrimination in tax legislation.

I'm happy to pay my fair share - which is whatever the tax is right now.

Every American, and every corporation, should pay their fair share to build the American dream.

Fiscal decentralisation does not lead to higher economic growth because economic growth is much more driven by factors other than taxes and spending, e.g. increases in technological progress and improved human capital.

Even if every major government were to slap huge taxes on carbon fuels - which is not going to happen - it wouldn't do much to halt climate change any time soon. What it would do is cost us hundreds of billions - if not trillions - of dollars, because alternative energy technologies are not yet ready to take up the slack.

Distributed ledger technologies have the potential to help governments to collect taxes, deliver benefits, issue passports, record land registries, assure the supply chain of goods, and generally ensure the integrity of government records and services.

The fact of the matter is it's very reasonable to ask the wealthiest estates to pay their share. We did that since Teddy Roosevelt, a Republican president.

When you tell the American people, 'Read my lips. No new taxes,' that should mean no new taxes.

What I want to understand is what I am talking about on the stage. What I don't want to understand is what the government is talking about when the government tells me about taxes.

Experience tells us that we do not need more overspending or higher taxes to grow jobs. We do not need more regulations or more government control - such as the government takeover of health care or the restrictions in domestic energy production.

President Clinton at one point proposed raising taxes on the rich although it did not appear that it would increase the tax revenues received from them. A substantial proportion of the public said they favored higher taxes on high-income earners even if that did not increase the total taxes such people paid. The effect would not be to help anyone else but merely to pull down the better off.

If tax remedies are so advantageous, why would they provoke the ire of voters? Here I will suggest that voters generally, and prosperous voters in particular, suffer from what I call the mother of all cognitive illusions: they believe that having to pay higher taxes would make it more difficult to buy what they want. Like many illusory beliefs, this one may strike most people as self-evidently true. And yet, as I will explain, it is completely baseless.

People try to live within their income so they can afford to pay taxes to a government that can't live within its income

If clients treat you like dirt, fire them if possible. If you can't, charge asshole taxes, give employees who work with them combat pay, and limit everyone's exposure to these creeps.

The post-2020 fiscal reckoning does not require higher payroll taxes or lower retirement benefits, as new sources of fiscal revenue are available from drug legalization, increased tax progressivity, tax reform that eliminates most tax deductions, and a carbon tax that provides incentives to reduce emissions.

The inexorable rise of inequality can be countered at the top by higher taxes on the highest earners who have captured so much more of the income pie than was true forty years ago. At the bottom, an increase in the minimum wage and an expansion of the earned-income tax credit can divert more of the economic pie to those in the bottom half.

One such way is 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. As long as you keep trading up in value, you won't be taxed on the gains until you liquidate. Those who don't take advantage of these savings are missing a chance to build their asset column.

Even though my rental income breaks even with my expenses, I can still make money in real estate. Understanding phantom cash flow and the tax laws is like winning financially without making any money.

To those who feared oppressive taxes, Hamilton made an argument that anticipated "supply-side economics" of the late twentieth century, saying that officials "can have no temptation to abuse this power, because the motive of revenue will check its own extremes. Experience has shown that moderate duties are more productive than high ones."10

The Bank of the United States would enable the government to make good on four powers cited explicitly in the Constitution: the rights to collect taxes, borrow money, regulate trade among states, and support fleets and armies.

Many countries that Grant visited levied onerous taxes on their subjects to service massive debt and maintain standing armies, giving him a fresh appreciation of republican government in America. "The fact is we are the most progressive, freest and richest people on earth, but don't know it or appreciate it. Foreigners see this much plainer than we do.