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Taxes Quotes

“President Trump repeatedly says that "America is the highest-taxed country in the world." This is an alternative fact. We pay less in taxes, and our government spends less, as a share of our total wealth, than our counterparts in Western Europe and East Asia. But Trump is right when it comes to corporate tax rates; the U.S. corporate income tax right is among the highest in the world.”

“It was an easy thing to tax for a young country. And then gradually we moved to property taxes, manufacturing taxes, and the income tax was the answer to a populist demand: Let's go after the rich guys. We got into World War I, and they raised the rates and started taxing the rich. Then we got into World War II, and that's when they taxed everybody, because they just needed more revenue.”

“The problem is that everybody, everybody - Donald Trump, Paul Ryan, everybody - on the Republican side said they can't do tax reform until Obamacare is improved, they can't do it. I think a lot is known about Obamacare. I think that's why it's so consistently polls with people opposed to it. I think people know how much it's cost particularly to people that have entered the exchanges, but I think everybody does. there's not a person in the world in this country who is not aware of the oppressive, out of any scope of normalcy costs and prices associated with it.”

“We really believe that we can bring about changes in the tax code that will make America more attractive for investment and job creation and business. But the president has also made it very clear that he wants to put - he wants to put new elements in the tax code that are going to have companies pay a price if they decide to take jobs out of the country and then sell their goods back into the United States.”

“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.”

“Conservatives believe in traditional values. Not because we want to impose our views on anyone, but because to abandon those values would be to ignore our history. Americans are not the most generous people on earth because our laws make us generous. People do not contribute to charity in this country in record amounts because we have a tax break from it. We do so because this nation has been shaped by Judeo-Christian principles that teach us that we have an obligation to care for one another.”

“The United States of American business pays the second-highest business taxes in the world, 35 percent. Ireland pays 11 percent. Now, if you're a business person, and you can locate any place in the world, then, obviously, if you go to the country where it's 11 percent tax versus 35 percent, you're going to be able to create jobs, increase your business, make more investment, et cetera. I want to cut that business tax. I want to cut it so that businesses will remain in the United States of America and create jobs.”

“In order to make the tough decisions we have to know what our values are and who we're fighting for and our priorities and if we are spending $300 billion on tax cuts for people who don't need them and weren't even asking for them, and we are leaving out health care which is crushing on people all across the country, then I think we have made a bad decision and I want to make sure we're not shortchanging our long term priorities.”

“The country doesn't owe you anything because you're an American or especially because you have a college degree. Now, if you think... If you are a college student and you've got a degree and you're out there and you can't find a job and if you think - if you agree with Obama that the Bush tax cuts ought to sunset - $700 billion ought to be taken out of the private sector and sent to Obama, then you deserve to be out of work for the rest of your life because that $700 billion taken out of the private sector could be used to grow businesses and hire people.”

“We are under the stifling regulation and taxes of a predominantly left-wing type of thinking and philosophy. The eight years of Barack Obama have shrouded this country in punitive regulations. We haven't had economic growth higher than one and a half percent for the last eight or nine years, and that was done on purpose. There have been robust times in the past, and there are a lot of people right now that are doing well and are growing. But generally it ought to be much better in the past. There needs to be an economic revival.”

“If you take all the food aid, America is by far the most generous country. If you take the direct aid, we're very generous. But when you add on our private contributions - see, our tax system encourages private citizens to donate to organisations that, for example, help the folks in Africa. And when you take the combined effort of US taxpayers' money plus US citizens' donations, we're very generous. And we'll do more.”

“It started with Ronald Reagan, when he took away the financing to the California universities. It used to be cheap to send your kids to the UCs. They'd call it an investment, because the more you educate people, the more they'll pay in taxes, because they'll get better jobs. But Reagan said, "No, it's a cost, so you're going to have to pay the cost." So now people can't afford to get an education. Anyway, I don't want to get too political, but yeah, I think the spirit of this country is finally coming back, and hopefully it will triumph.”

“We are seeing a working-class, a middle class, which over the last three decades has seen their wages and income stagnate, while the very rich have seen their tax burden lighten in ways not seen in three or four decades. It's a face of a country that we need to look at and understand that inequality is perhaps the greatest threat to our economic recovery and democracy, and in that context we must take action.”

“Big cities like New York are thriving, economically, culturally, in terms of real estate values, and by a slew of other measures. Yet, at the same time, much of the country has been utterly hollowed out. In California, where I live, affluent coastal cities such as San Francisco and the Silicon Valley hubs have lower than national average unemployment, higher wages, higher tax bases. Meanwhile, there are inland counties in California where there's still nearly 20 percent unemployment.”

“Right now, America doesn't ask us to do anything besides pay taxes. We don't even have to vote. But as psychologists will tell you, when you have to sacrifice for something, you value it more. What about national service for young people? Everybody between 18 and 24 could spend a year or two working for this country in some capacity. It'd be an amazing thing. And it would mix this country racially, culturally, economically.”

“The British use a system where the profits a corporation reports to shareholders is what they pay taxes on. Whereas in America we require corporations to keep two sets of books, one for shareholders and one for the IRS, and the IRS records are secret. For publicly-traded companies, the British system would tend to align the interests of the government with the interests of the company because the company wants to report the biggest possible profit. Though, all wealthy countries have high taxes as wealth requires lots of common goods, from clean water to public education to a justice system.”

“Obama's health care plan will be written by a committee whose head, John Conyers, says he doesn't understand it. It'll be passed by Congress that has not read it, signed by a president who smokes, funded by a Treasury chief who didn't pay his taxes, overseen by a Surgeon General who is obese, and financed by a country that's nearly broke. What could possibly go wrong?”