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Quote by William E. Simon

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William E. Simon
William E. Simon

William E. Simon was an American politician and businessman who served as the United States Secretary of the Treasury. He held the position in the early 1970s, during which time he promoted tax reform and the liberalization of financial markets. Simon also had a significant career in business, serving as the CEO of Lehman Brothers. more

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“Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes.”

“There are two distinct classes of men - those who pay taxes and those who receive and live upon taxes.”