Quotes About Tax

Truly landmark pieces of legislation - including the Social Security Act, Medicare, and the Kennedy and Reagan tax reductions - historically have garnered strong support from both parties. The ACA did not.

The harsh reality is that we simply cannot tax our way out of our overspending and debt problem. We need a balanced approach that includes both a stronger economy to generate new tax revenues and bipartisan guardrails, which will help ensure that future presidents and congresses spend within our means.

I know we disagree with Mr. Trump on this area. I'm hopeful that we can convince him that making our tax code more pro-growth will make America stronger, but to do that, it's not enough to simply buy American: we need to sell American all throughout the world.

We Liberal Democrats don't believe we should use the tax structure to champion just one type of family.

Most large companies structure their affairs so that they minimize their tax payments. As long as you do it within the law, it's OK.

I believe in a progressive tax structure that fairly distributes the costs of government in a way that those of us fortunate to have more, carry more of the burden.

Tax can be structured in a way that actually encourages investment in infrastructure and encourages investment in Australia from overseas.

We have to get the tax revenues up. That means we have to get back to a healthy American economy, grow the economy so that you make more money. I make more money, ordinary Americans make more money, and so does the government. That helps lessen the deficit.

I'm tired of seeing American jobs, manufacturing, and headquarters forced overseas due to a tax code that works against us.

On my income tax 1040 it says 'Check this box if you are blind.' I wanted to put a check mark about three inches away.

The underlying intellectual argument for seeking to tax economic rents retains its force.

It's the spring of 2012, that the [Barak] Obama administration would be embracing the argument that the Affordable Care Act was a tax, and that was going to, itself, be a political albatross.

I never can pass by the Metropolitan Museum of Art in New York without thinking of it not as a gallery of living portraits but as a cemetery of tax-deductible wealth.

Well, we have certainly produced great art before we did this. In my view, there are any number of areas of government which tax money should not be spent.

should explain that a "sommelier" is a wine steward, the dignified person who comes up to you at expensive restaurants, hands you the wine list, and says "Excellent choice, sir," when you point to French writing that, translated, says "Sales Tax Included.

In his book Born on Third Base, Chuck Collins—the Oscar Meyer heir who gave away his fortune—argues that Congress should establish two types of charitable entities and give them different tax benefits. Donations to groups that "alleviate poverty, reduce inequality, and address urgent social problems" would be fully deductible; donations to other nonprofits would not get the full benefit.

Most media coverage of philanthropy doesn't make much distinction among charitable gifts—and nor does the IRS for that matter. You get the same tax deduction whether you donate to a genuine charitable cause, say a food bank, or donate to a think tank with an ideological agenda.

In spite of its limitations as a tax-efficient investing vehicle, on an after-tax basis over the two decades of the Arnott study, the Vanguard 500 Index Fund bests the average mutual fund by 2.8 percent per year. Only 14 percent of funds, as shown in Table 7.6, post superior after-tax results, winning by an average margin of only 1.3 percent per year. Losers, much larger in number than winners, lose by a greater margin, posting a 3.2 percent per annum after-tax deficit.

Three basic investment principles inform asset-allocation decisions in well-constructed portfolios. First, long-term investors build portfolios with a pronounced equity bias. Second, careful investors fashion portfolios with substantial diversification. Third, sensible investors create portfolios with concern for tax considerations. The principles of equity orientation, diversification, and tax sensitivity find support both in common sense and academic theory.

Tax not so bad a voice to slander music any more than once.

The rectors of Berkshire published a manifesto denying the right of Rome to tax the English Church, and urging that the Pope, like other bishops, should "live of his own".

That month, the state announced a new tax, the Suhneleistung, or "atonement payment," designed to tax Jews for the damages of the Kristallnacht pogroms that the Nazis had themselves instigated. The collection of this new payment was reported to have been administered by the Deutsche Bank.

My business is the enforcement of the tax laws and the integrity of the tax code and making sure that trustees of charitable giving are true trustees.

We do not commonly see in a tax a diminution of freedom, and yet it clearly is one.