“There are no checks and balances if the gov is wrong. If a private entrepreneur makes a mistake, he goes bankrupt, the losses are cut; if he bets wrong, he loses; if the gov bets wrong, they just get bigger, they just appropriate more money. It's a bottomless pit, because they either get it from the tax payers or run it off a printing press.” IfsRunningLosesLossMistakeCuttingBalanceTaxesBiggerPressesEntrepreneurChecksAppropriateMore MoneyPitsPrintingPrinting Press Author:Peter Schiff
“It's two days until tax time. I know it's late, but there is still time to deduct this show as a loss.” KnowsStillsTwoShowsLossTaxesLateTwo Days Author:David Letterman
“History shows that tax increases during a recession are a recipe for greater unemployment and economic loss.” ShowsLossGreaterEconomicTaxesIncreaseUnemploymentRecipesRecessionsTax Increases Author:Pete Sessions
“A realistic definition of risk recognizes the potential loss of capital through inflation and taxes, and would include at least the following two factors: The probability that the investment you chose will preserve your capital over the time you intend to invest your funds. The probability the investments you select will outperform alternative investments for this period.” TwoLossRiskPeriodsTaxesInvestmentDefinitionsFollowingFactorsAlternativesPreservesFundRealisticProbabilityInflationSelect Book:Contrarian Investment Strategies in the Next Generation Source: Contrarian Investment Strategies in the Next Generation
“While advocates of legalized gambling say it brings in revenues needed for education and other uses, it actually has led to higher taxes, loss of jobs, economic disruption of non-gambling businesses, increased crime and higher social-welfare costs” UseJobsSocialLossEconomicCrimeNeededHigherCostTaxesWelfareGamblingRevenueDisruptionSocial WelfareJob Loss Author:John Warren Kindt
“If you ask any economist, they'll tell you all the mortgage interest deduction does is raise the price of the house. So a couple is out looking at the house, they say, "Oh, we love this house, but we couldn't make the monthly payment." And the realtor says, "Yeah, but you're going to get a tax break." So people pay more than they would otherwise. You take a loss even though you're making a gain.” PeopleHouseInterestLossBreakCoupleTaxesEconomistMortgage Author:T.R. Reid
“Donald Trump is a businessman, not a career politician. He actually built a business. Those tax returns that were - that came out publicly this week show that he faced some pretty tough times 20 years ago. But like virtually every other business, including the New York Times not too long ago, he used what's called net operating loss. We have a tax code that actually is designed to encourage entrepreneurship in this country.” LongCountryLossWeekPoliticianTaxesToughEntrepreneurshipCodeBusinessmanTough Times Author:Mike Pence
“The biggest and most deadly 'tax' rate on the poor comes from a loss of various welfare state benefits - food stamps, housing subsidies and the like - if their income goes up.” IfsStatesLossPoorTaxesBenefitsRateVariousIncomeWelfareStampsHousingWelfare StateSubsidiesFood Stamps Author:Thomas Sowell
“Ours is a system of corporate socialism, where companies capitalize their profits and socialize their losses…in effect, they tax you for their accidents, bungling, boondoggles, and mismanagement, just like a government. We should be able to deselect them.” ShouldGovernmentAbleLossCompanyEffectsTaxesProfitAccidentsSocialismCorporateMismanagement Author:Ralph Nader