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Subjects Quotes

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Subjects Quotes

“The stage I chose--a subject fair and free-- 'Tis yours--'tis mine--'tis public property. All common exhibitions open lie, For praise or censure, to the common eye. Hence are a thousand hackney writers fed; Hence monthly critics earn their daily bread. This is a general tax which all must pay, From those who scribble, down to those who play.”

“I prefer an income tax, but the truth is I am afraid of the discussion which will follow and the criticism which will ensue if there is an other division in the Supreme Court on the subject of the income tax. Nothing has injured the prestige of the Supreme Court more than that last decision, and I think that many of the most violent advocates of the income tax will be glad of the substitution in their hearts for the same reasons. I am going to push the Constitutional amendment, which will admit an income tax without questions, but I am afraid of it without such an amendment.”

“Index funds are... tax friendly, allowing investors to defer the realization of capital gains or avoid them completely if the shares are later bequeathed. To the extent that the long-run uptrend in stock prices continues, switching from security to security involves realizing capital gains that are subject to tax. Taxes are a crucially important financial consideration because the earlier realization of capital gains will substantially reduce net returns.”