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Taxes Quotes

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Taxes Quotes

“All I'm doing is I'm filling out my tax returns - or my accountants are, and I'm paying whatever I'm supposed to pay, though I'm giving away a large amount of the money and that probably lowers my tax rate because I'm giving away so much money. But change the law, but don't blame me for the law. I'm not writing the law. I didn't write the law.”

“However accurate or inaccurate the agency's numbers may be, tax law explicitly presumes that the IRS is always right -- and implicitly presumes that the taxpayer is always wrong -- in any dispute with the government. In many cases, the IRS introduces no evidence whatsoever of its charges; it merely asserts that a taxpayer had a certain amount of unreported income and therefore owes a proportionate amount in taxes, plus interest and penalties.”

“We very much hope that as we get growth that we can reduce the burden of taxation, that we can reduce income tax and increase the amount of genuine free enterprise and business enterprise... This is going... toward the restoration of the personal responsibility, the independence, with every man a property owner, every man a capitalist.”

“What I am anxious to do is to get the best bill possible with the least amount of friction.... I wish to avoid [splitting our party]. I shall do all in my power to retain the corporation tax as it is now and also force a reduction of the [tariff] schedules. It is only when all other efforts fail that I'll resort to headlines and force the people into this fight.”

“If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, I believe a large amount of their difference is due to taxes. Not only is it true of the last decade, but I took these numbers back 50 years. And, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.”

“Is this not true--That in proportion to the value of their estates the extremely wealthy pay far less taxes than those of moderatemeans? Compare the amount paid by millionaires with the amount paid by ordinary citizens. I believe that in proportion to their estates they pay less than half as much as ordinary citizens, whereas they ought to pay more.”

“What can be done? Well, the governments of the world can undertake what amounts to a vast clean-up campaign and a vast campaign of organic renewal. The problem is the cost of an effective operation, which is enormous, and thus must be paid by someone via some form of taxes.”

“We owe something to the government to grow up in this great country. I'm tired of hearing people in the private sector talk like they don't owe the government anything. We do. This is a great country because we all pay into it. It's about time we all pay into it. ... If we paid the same amount of taxes we paid when Bill Clinton was president, I would be a happy guy, and the budget would be closer to balanced. You cannot give away money, whether you give it to rich or poor people. That's what George Bush did -- excuse me, trillions of dollars. You can't do that.”

“House GOP Leader John Boehner on Monday rightly sounded the alarm over billions in stimulus tax dollars that could potentially go to the Association of Community Organizations for Reform Now (ACORN). But the Republican leadership has only scratched the surface over what amounts to a bottomless slush fund for a bigger coalition of housing entitlement thugs.”

“Who can dispute that the governments of the United States constitute the most voracious tax system in the history of mankind? In the year 2000, those governments succeeded in laying hands on more than $3 trillion - almost $11,000 each for the 275 million men, women, and children resident in the country. No other nation-state rakes in an amount even close to the U.S. total.”

“So on the demand side [for energy], there have been a variety of policies that globally have been way over $50 billion a year of tax credits, raising the price of electricity through things like renewable portfolio standards, so the total amount of money that's gone into sending a price signal to push up demand versus what would happen without it has been gigantic.”

“Most people don't know this, but if you settle a debt for less than the amount you owed, you are potentially responsible for taxes on the forgiven debt. Look at it this way: You received goods and services for the full amount of debt, but you're only paying for a portion of it - sometimes less than 50%. Anything more than $600 is generally considered taxable, but the IRS will sometimes waive the tax if you can prove that your assets were less than your liabilities when the debt was settled.”

“Instead of ending U.S. military aid to the 23rd wealthiest country to use for its consistent violations of international law and human rights, we see the Obama administration escalating the annual amount of aid, so that Israel will now start each year with almost $4 billion, with $3.8 billion a year of military aid coming from our tax money to support its military, without any restrictions on how it makes - how it uses that money, what weapons in the U.S. it's able to buy.”

“There are certain areas where foreign investors can help the local people to generate wealth, and improve their quality of life. Some companies, for example, Del Monte, which produces pineapples in Kenya, pay a huge amount of taxes, I am sure, to the Kenyan government, and they do create jobs for thousands of locals.”

“We have to band together, but the thing in America is that people are terrified of losing their jobs... Maybe California needs to secede. The only thing that'll make any difference is the money... Tax dollars and losing that amount of money. It's one of the most economically powerful states, isn't it? That's where it hurts.”

“I'd make an educated guess that 20 to 25 percent of the taxable property in the U.S. is Church-owned.In a recent book, Church Wealth and Business Income, it was estimated that this property -all of it tax-exempt -is worth upwards of 80 billion dollars. I know that's a fantastic, unbelievable figure, but there's every reason to believe that it's on the conservative side; and this amount is increasing yearly at a geometric rate.”

“You bet every member of Congress who votes for this bill ought to read it, read it thoroughly, and understand that what we're looking at here amounts to nothing more than a government takeover of our health care economy, paid for with nearly a trillion dollars in new taxes on individuals and small businesses. And it must be opposed.”