Quotessence
Home / Topics / Taxes Quotes

Taxes Quotes

Browse 3462 quotes about Taxes.

Related topics

PeoplePayIfsGovernmentCuttingIncomeThinkingIncome TaxWantShouldEconomyYearsTax CutsStatesTaxationRateWayCountryJobsNeedsKnowsGivingSpendingEconomicPresidentRichRaisesIncreasePolicyCodeAmericaRevenueMenPoliticalPaidDemocratWorldBelieveGrowthPercentDebtHas BeensRepublicanMeanWellsDollarsLawHelpingTrumpHigherSocialBreakCareInvestmentWarLongReformReturnCongressProblemSaidSecurityTryingBudgetsBillsClassCitizensFirstsBigsCostRunningTax DayTodayPoliticsPropertyMiddleRegulationMadePoorSupportTax BreaksTwoWealthBenefitsKindUseIrsCompanyLittlesMayProgramTax SystemBurdenDeficitLibertyLooksMiddle ClassPartyPaying TaxesPlansmore

Taxes Quotes

“Republicans favor tax cuts for the wealthy and corporations, but these had no stimulative effect during the George W. Bush administration, and there is no reason to believe that more of them will have any today. As for the idea that cutting regulations will lead to significant job growth, it's just nonsense. It's just made up.”

BelieveMadeIdeasReasonTodayJobsGrowthCuttingEffectsRepublicanTaxesFavorsSignificantAdministrationCorporationsNonsenseNo ReasonWealthyRegulationTax CutsJob Growth
Author:Bruce Bartlett
Create image

“The growing inequality of wealth and income distribution is both a moral and economic problem. If the wealthy are unwilling to pay more taxes, then this is going to lead to spending cuts. And if you put off the table things like national defense, then you're going to end up cutting more and more out of programs that aid the poor. So, I think there are consequences to this idea that tolerance for inequality requires us to - to just do nothing to make the wealthy contribute a higher share of resources to fund the government.”

IfsThinkingIdeasEndsProblemGovernmentWealthPoorPayMoralCuttingGrowingShareEconomicHigherTaxesConsequenceResourcesProgramTablesSpendingDefenseAidsToleranceIncomeInequalityFundWealthyDistributionUnwillingNational DefenseEconomic ProblemsSpending CutsIncome Distribution
Author:Bruce Bartlett
Create image

“It's obvious that a lot of Tea Party members tend to be elderly. You've seen that famous sign, 'Tell the government to keep its hands off my Medicare.' And I think as long as the government does keep its hands off their Medicare, they're fine with talking about low taxes. But once they start to realize that the Republicans really do want to not just cut Medicare, but essentially abolish it, you know, I just think those people are not going to be part of the Tea Party. They're going to be over with Occupy Wall Street.”

PeopleThinkingKnowsWantLongDoeHandsGovernmentRealizingPartyTalkingCuttingStreetsWallFineRepublicanTaxesMembersLowsObviousTeaElderlyMedicareAbolishTea PartyOccupy Wall Street
Author:Bruce Bartlett
Create image

“The lawyers have escaped most criticism [and undeservedly so]. The tax shelters [were approved by lawyers, who got paid huge commissions to do so] and every miscreant had a high-falutin' lawyer at his side. Why don't more law firms vote with their feet and not take clients who have signs on them that say, "I'm a skunk and will be hard to handle?" I've noticed that firms that avoid trouble over long periods of time have an institutional process that tunes bad clients out. Boy, if I were running a law firm, I'd want a system like that because a lot of firms have a lot of bad clients.”

IfsWantLongHardRunningLawProcessSidesBoysTroubleFeetHugePeriodsTaxesCriticismVotePaidLawyerHandleFirmTunesShelterClientsApprovedLong Periods Of TimeLaw FirmsHard To Handle
Author:Charlie Munger
Create image

“If you're going to buy something which compounds for 30 years at 15% per annum and you pay one 35% tax at the very end, the way that works out is that after taxes, you keep 13.3% per annum. In contrast, if you bought the same investment, but had to pay taxes every year of 35% out of the 15% that you earned, then your return would be 15% minus 35% of 15%-or only 9.75% per year compounded. So the difference there is over 3.5%. And what 3.5% does to the numbers over long holding periods like 30 years is truly eye-opening.”

IfsWayYearsLongDoeEndsWould BeEyeDifferencesNumbersPayReturnPeriodsTaxesInvestmentWork OutOpeningContrastCompoundsMinusEye Opening
Author:Charlie Munger
Create image

“...in terms of business mistakes that I've seen over a long lifetime, I would say that trying to minimize taxes too much is one of the great standard causes of really dumb mistakes. I see terrible mistakes from people being overly motivated by tax considerations. Warren and I personally don't drill oil wells. We pay our taxes. And we've done pretty well, so far. Anytime somebody offers you a tax shelter from here on in life, my advice would be don't buy it.”

PeopleTryingWellsLongDoneWould BeCausesTermPayMistakeToo MuchAdviceTerribleOffersTaxesStandardsLifetimeOilDumbConsiderationMotivatedShelterLong LifeDrillsReally Dumb
Author:Charlie Munger
Create image

“Then there was communism's weak-tea sister, socialism. Socialists maintained that we shouldn't take all the money away from all the people since all the people don't have money. We should take all the money away from only the people who make money. Then, when we run out of that, we could take more money from the people who...hey, wait! Where'd you people go? What do you mean you're "tax exiles in Monaco?"”

PeopleShouldMeanRunningWaitingTaxesWeakSocialismHeyCommunismTeaMaking MoneyMore MoneyExileMonaco
Book:The C.E.O. of the Sofa
Create image

“Even if Bush could be forgiven for taking America, and much of the rest of the world, to war on false pretenses, and for misrepresenting the cost of the venture, there is no excuse for how he chose to finance it. His was the first war in history paid for entirely on credit. As America went into battle, with deficits already soaring from his 2001 tax cut, Bush decided to plunge ahead with yet another round of tax "relief" for the wealthy.”

IfsWorldFirstsWarAmericaCuttingBattleCostTaxesDecidedPaidRoundsExcuseCreditFinanceReliefWealthyVentureForgivenSoarDeficitPretensePlungeNo ExcusesTax Cuts
Author:Joseph Stiglitz
Create image

“I regret that I must so continually use the word genius, as if that should apply only to a caste as well defined from those below as income-tax payers are from the untaxed. The word genius was very probably invented by a man who had small claims on it himself; greater men would have understood better what to be a genius really was, and probably they would have come to see that the word could be applied to most people. Goethe said that perhaps only a genius is able to understand a genius.”

PeopleIfsMenShouldWellsSaidUseAbleGreaterRegretGeniusTaxesUnderstoodClaimsIncomeDefinedIncome TaxI RegretCastes
Author:Otto Weininger
Create image

“President [Barack] Obama's staking his reelection hopes on rebuilding America's middle class. He wants higher taxes on the wealthy, tougher rules on Wall Street, and everyone else to get a fair shot to succeed. Republicans can cry "class warfare" if they want, but as the president put it today, it's about this country's welfare.”

IfsWantCountryTodayAmericaPresidentClassStreetsMiddleCryWallHigherRepublicanSucceedTaxesShotsFairsBarackWelfareMiddle ClassWealthyWarfarePresident Barack ObamaRebuildingClass WarfareReelection
Author:Chris Matthews
Create image

“The theory of government I was taught says that government provides benefits, primarily security, to the entire population. In return we pay taxes. But lately the government has been a distributor of special privileges, taking money from some and giving it to others. America is now about evenly split between those who pay income taxes and those who consume them.”

GivingHas BeensGovernmentAmericaPaySpecialSecurityTaughtTheoryReturnTaxesBenefitsPrivilegePopulationIncomeSplitsIncome TaxDistributors
Author:John Stossel
Create image

“[W]hich category of crimes does the State pursue and punish most intensely? [T]hose against private citizens or those against itself? The gravest crimes in the State's lexicon are almost invariably not invasions of private person or property, but dangers to its own contentment, for example, treason, desertion of a soldier to the enemy, failure to register for the draft, subversion and subversive conspiracy, assassination of rulers and such economic crimes against the State as counterfeiting its money or evasion of its income tax.”

PersonsDoeStatesEnemyEconomicCrimeDangerExampleCitizensTaxesPropertySoldierIncomePursueContentmentCategoriesConspiracyRulersInvasionRegisterIncome TaxTreasonAssassinationSubversiveEvasionSubversionLexiconDesertion
Author:Murray Rothbard
Create image

“Leaving America means renouncing your citizenship, moving out of the country and leaving family and friends behind. You can retain your citizenship if you like, but you'll still be away from loved ones and still be paying taxes. You lose all the good stuff about America and have to keep all the bad stuff.”

IfsMeanStillsCountryAmericaMovingStuffLosesBehindsTaxesLeavingLoved OnesCitizenshipFamily And FriendsBehind YouBad StuffMoving OutPaying Taxes
Author:Michael Arrington
Create image

“We are all used to paying a sales tax when we buy things - almost 9 percent here in New York City. The application of this concept to the financial sector could solve our need for revenue, bring some sanity back into the financial sector, and give us a way to raise the revenue we need to run the government in a fiscally responsible way.”

WayNeedsGivingGovernmentRunningUsedCitiesNew YorkTaxesPercentConceptsResponsibleRaisesFinancialSolveNew York CityApplicationSanityRevenueSales Tax
Author:Eliot Spitzer
Create image