“The best taxes are such as are levied upon consumptions, especially those of luxury; because such taxes are least felt by the people. They seem, in some measure, voluntary; since a man may choose how far he will use the commodity: They naturally produce sobriety and frugality, if judiciously imposed: And being confounded with the natural price of the commodity, they are scarcely perceived by the consumers. Their only disadvantage is that they are expensive in the levying.” PeopleIfsMenMayUseSeemsFeltNaturalProduceTaxesLuxuryConsumersExpensiveConsumptionCommodityDisadvantagesSobrietyFrugality Book:The philosophical works of David Hume Source: The philosophical works of David Hume
“It is fairer to tax people on what they extract from the economy, as roughly measured by their consumption, than to tax them on what they produce for the economy, as roughly measured by their income.” PeopleEconomyProduceTaxesIncomeConsumption Author:Thomas Hobbes
“The remaining revenue on the consumption of foreign luxuries to domestic comforts, being collected on our seaboard and frontiers only, and incorporated with the transactions of our mercantile citizens, it may be the pleasure and the pride of an American to ask, What farmer, what merchant, what laborer ever sees a tax gatherer of the United States?” MayStatesAsksPleasureUnitedUnited StatesPrideCitizensComfortTaxesLuxuryFarmersConsumptionRevenueFrontiersMerchantsTransactionsLaborers Author:Thomas Jefferson
“I'm still one who says that we can get rid of the Internal Revenue Service if we would pass the fair tax, which is a tax on consumption rather than a tax on people's income, and move power back where the founders believed it should have been all along.” PeopleIfsShouldHas BeensStillsMovingTaxesFairsShould HaveIncomeInternalsConsumptionFoundersRevenueShould Have Been Author:Mike Huckabee
“In America, we tax work, investment, employment, savings, and production, while we subsidize non-work, consumption, and debt. It's time we reverse this trend.” AmericaTaxesInvestmentProductionsDebtEmploymentSavingTrendsConsumptionReverseSavings Author:Jack Kemp
“Taxes on consumption, like those on capital or income, to be just, must be uniform.” TaxesIncomeConsumptionUniforms Author:Benjamin Franklin
“[High income tax rates] not only check consumption but discourage investment and encourage...the avoidance of taxes [rather] than the production of goods.[...]Our present tax system...reduces the financial incentives for personal effort, investment, and risk-taking.” EffortRiskTaxesInvestmentRateFinancialProductionsIncomeChecksGoodsConsumptionIncentivesDiscouragingAvoidanceIncome TaxRisk-takingTax System Author:John F. Kennedy
“Balance the federal budget now, not 15 years from now, not 20 years from now, but now. And throw out the entire federal tax system, replace it with a fair tax, a consumption tax, that by all measurements is just that. It's fair.” YearsBalanceTaxesFairsBudgetsConsumptionMeasurementTax SystemFederal Taxes Author:Gary Johnson
“If top marginal income tax rates are set too high, they discourage productive economic activity. In the limit, a top marginal income tax rate of 100 percent would mean that taxpayers would gain nothing from working harder or investing more. In contrast, a higher top marginal rate on consumption would actually encourage savings and investment. A top marginal consumption tax rate of 100 percent would simply mean that if a wealthy family spent an extra dollar, it would also owe an additional dollar of tax.” IfsMeanEconomicHigherActivityLimitsTaxesPercentGainsHarderDollarsInvestmentRateInvestingIncomeSavingExtrasProductiveWealthyContrastConsumptionTaxpayersSavingsDiscouragingIncome TaxSavings And Investment Author:Robert H. Frank
“What the Tea Parties are standing for is constitutional principle. It's not fundamentally about tax rates or whether to have a consumption tax or an income tax. It's about adherence to Constitution and the principle of limited government.” GovernmentPartyPrinciplesTaxesStandingConstitutionRateIncomeTeaConsumptionIncome TaxTea PartyLimited GovernmentAdherence Author:Robert P. George